Christopher Marquis— In 2012, the late Lynn Stout, a renowned legal scholar at Cornell Law School, published The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public, a no-holds-barred exposé of the lies the corporate world tells itself about shareholder primacy and an explanation of why
Stephen Davis— If you need an example of how the financial system has failed the test of public trust, look no further than Wells Fargo. But it is vital to go deeper than the headline story about fraudulent cross-selling into systemic miscarriages of governance and shareholder oversight. The scandal appears
In a recent New York Times article, legendary investor, founder of the Vanguard Group, and Yale Press author John Bogle insisted that now is the time to buy stocks. Bogle argued that those who buy now, while stock prices are cheap, will be sure to expect profits in the future.