The Shareholder Value Myth

The Shareholder Value Myth: How putting shareholders first harms investors, corporations, and the public

by Lynn Stout

Business schools and law schools teach that the purpose of a corporation is to maximize shareholder wealth. “Shareholder wealth, in turn, is typically measured by share price—meaning share price today, not share price next year or next decade.” Lynn Stout (1957-2018), who was a business law professor at Cornell, makes the case that this is both untrue and harmful.

“United States corporate law does not, and never has, required directors of public corporations to maximize either share price or shareholder wealth… State statutes similarly refuse to mandate shareholder primacy… As long as boards do not use their power to enrich themselves, the [business judgment rule] gives them a wide range of discretion to run public corporations with other goals in mind, including growing the firm, creating quality products, protecting employees, and serving the public interest. Chasing shareholder value is a managerial choice, not a legal requirement.”

Continue reading “The Shareholder Value Myth”

Life Is Tremendous

Life Is Tremendous

by Charlie “Tremendous” Jones

The Corona virus shutdown has been mentally taxing. Daily news reports chronicle the number of new cases and deaths. Many sectors of the economy have come to a screeching halt. 30 million people have applied for unemployment benefits. In that context I wanted to read something light and positive. This 100-page booklet was published in 1968 and has sold more than a million copies. Continue reading “Life Is Tremendous”

Schtick to Business

Schtick to Business: What the masters of comedy can teach you about breaking rules, being fearless, and building a serious career

by Peter McGraw

This book is about applying the wisdom of successful comedians to business management. Topics include targeting your audience and differentiating your brand, the creative process, innovation, diversity, teamwork, and writing skills. Peter McGraw is a behavioral economist, professor, and director of the Humor Research Lab (HuRL). Continue reading “Schtick to Business”

Crushing YouTube: How to Make Money on YouTube and Grow a Channel Fast

Crushing YouTube: How to Make Money on YouTube and Grow a Channel Fast

by Joseph Hogue

This book is full of insights and advice from an experienced YouTube creator, whose channel reached 75,000 subscribers in 18 months, and now has 181,000 subscribers. Joseph Hogue is a Chartered Financial Analyst (CFA) who produces videos on personal finance topics. “These ideas work and they’re the reason 3% of my viewers turn into subscribers versus a ratio of closer to 1.4% or less for most channels.”  Continue reading “Crushing YouTube: How to Make Money on YouTube and Grow a Channel Fast”

How Not to Plan: 66 Ways to Screw it Up

How Not to Plan: 66 Ways to Screw it Up

by Les Binet and Sarah Carter

Packed with insights, this book is a compendium of 66 articles originally published in Admap, “all loosely based on a myth-busting theme.” The word “not” in the book title and each article title is in strikethrough type. The articles are grouped into 9 chapters: Setting Objectives; Product, Price, and Place; Brand and Communication; Research and Analysis; Talking and Thinking Strategy; Who Are You Talking To?; Media and Budgets; Creative Work; and Effectiveness and Evaluation.  Continue reading “How Not to Plan: 66 Ways to Screw it Up”

Beyond the Blue: Artwork and Writing from the Prison Arts Collective

Beyond the Blue: Artwork and Writing from the Prison Arts Collective

This book is a catalog produced in conjunction with an exhibition of artwork created in California prisons. I attended an opening of this traveling exhibition as well as a panel discussion with former participants, teaching artists, and the deputy director of the Prison Arts Collective (PAC). This book is atypical of those normally featured on this site, but I feel it deserves some attention because it presents a perspective from a corner of humanity where voices are normally out of earshot, which may offer some insights into the bigger picture of some of society’s toughest challenges.

I will start with excerpts from the book before making some of my own observations. Continue reading “Beyond the Blue: Artwork and Writing from the Prison Arts Collective”