How the stock market extracts value from corporations and fuels the concentration of wealth.
Shareholder primacy is the idea that the primary purpose of a commercial enterprise is to maximize returns for its shareholders. This premise is the primary tenet of modern extractive capitalism.
As corporations automate, might the artificial intelligence of a “perfect profit machine” simply decide to stop distributing profits to human owners?
Artificial intelligence is changing humanity’s relationship to knowledge with profound implications for the future of the human experience.
Carl Icahn’s “shareholder activism” against Apple is putting lipstick on a corporate raider. It’s shareholder primacy and what’s most wrong with business.
Shareholder primacy forces businesses to maximize returns for shareholders; it’s time to stop teaching that in our business schools.
The “distorporation” is a virulent new form of corporate partnership that is shrouded in secrecy and profits – the new dark matter of our economy.
A detailed, chapter-by-chapter summary of “The Divine Right of Capital” – with permission of its author, Marjorie Kelly.