Tuesday, January 3, 2012

Quote of the Moment

“A pervasive emphasis on the expectations market,” writes Martin, “has reduced shareholder value, created misplaced and ill-advised incentives, generated inauthenticity in our executives, and introduced parasitic market players. The moral authority of business diminishes with each passing year, as customers, employees, and average citizens grow increasingly appalled by the behavior of business and the seeming greed of its leaders. At the same time, the period between market meltdowns is shrinking, Capital markets—and the whole of the American capitalist system—hang in the balance.”
— Roger Martin, Dean of the Rotman School of Management at the University of Toronto, quoted in "The Dumbest Idea in the World: Maximizing Shareholder Value" via Forbes

And if you will permit a smidge of editorializing, let me say yes, yes, a thousand times, yes!

1 comment:

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