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Monthly Archives: August 2012

Shareholder Value Part III: A New Narrative for Capitalism

Posted on August 28, 2012 by David

The ripples from Joe Nocera’s August 10 column in The New York Times, “Down With Shareholder Value” continue to radiate throughout the blogosphere. This past week I came across Miguel Padró’s Yahoo blog, “Is ‘Maximizing Shareholder Value’ No Longer the … Continue reading →

Posted in Change, General, Leadership | Tagged Alexis de Toqueville, Anglo-Saxon capitalism, Aspen Institute, Berle and Means, community capitalism, context, crisis, destruction, ecodynamics, ecological perspective, ecology, English Nonconformists, evolution, externalities, family business, Gerald Davis, hunter-gatherer, Joe Nocera, John Kenneth Galbraith, managerial capitalism, MiguelPadro, narrative, narrative centre of gravity, neoclassical economics, re-localize, renewal, retention, selection, shareholder capitalism, shareholder value model, Sisyphus, The New Industrial State, variation | 1 Comment

From Machines to Plants: Wandering in The Gardens of Democracy

Posted on August 21, 2012 by David

In The New Ecology of Leadership I draw an extended, disciplined analogy between the cycle of an ecosystem (my favourite is a fire-dependent, lodge-pole pine forest) and the trajectories that organizations follow as they go through their lives. The objective … Continue reading →

Posted in Change, General | Tagged complex systems, destruction, ecological perspective, ecology, economics, Eric Liu, Gardenbrain, Gardens of Democracy, government, hedge-funds, Machinebrain, means and ends, Nick Hanauer, politics, Second Enlightenment, The New Ecology of Leadership | Comments Off

Shareholder Value – Part II: “Down with Shareholder Value”

Posted on August 14, 2012 by David

In Saturday’s New York Times, Joe Nocera wrote a column entitled “Down With Shareholder Value”. In it he traced briefly the rise of the concept and then suggested that we are at the “dawn of a new movement”, although it … Continue reading →

Posted in Change, General, Leadership | Tagged Anglo-Saxon capitalism, creation, destruction, ecology, fire, forest, Harvard Business Review, Jay Lorsch, Joe Nocera, Justin Fox, lodgepole pine, Neil Sheehan, New York Times, shareholder value model, Vietnam War, World War II | Comments Off

Is “Shareholder Value” a Myth or a Tool for Corporate Euthanasia?

Posted on August 7, 2012 by David

I have been reading Lynn Stout’s The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations and The Public. It is a short, highly readable book, written with the objective of demolishing what Professor Stout calls the “shareholder value … Continue reading →