“On the face of it, shareholder value is the dumbest idea in the world” — Jack Welch, 2009. As GE’s CEO in the 80s, however, Welch championed corporate focus on shareholder returns. “Converts to the creed”, the Economist summarizes
, “had little time for other ‘stakeholders’: customers, employees, suppliers, society at large and so forth.” What went wrong? Steve Denning describes how such a stance is counterproductive
, creates turmoil in capitalism and fosters an environment in which “CEOs and their top managers have massive incentives to focus most of their attentions on the expectations market, rather than the real job of running the company producing real products and services.”
posted by the mad poster!
on Dec 27, 2011 -
The 100 Best Companies to Work For.
The Top Ten starting with #1: Genentech, Wegmans, Valero Energy, Griffin Hospital, W.L. Gore, Container Store, Vision Service Plan, J.M. Smucker, REI, S.C. Johnson & Son. But The Complete List
has some surprises. It puts Microsoft at #42 behind Starbucks at #29. (Starbucks pays $500 towards tuition to part-timers who work there for more than a year). By clicking on the company links on the List you get stats on employee salaries, turnover, minority hiring etc, learning for instance, that the most common job at Microsoft pays $107,000/year.
posted by storybored
on Jan 18, 2006 -
Walt would turn over in his cryonic chamber...
(I know, I know, it's not true.
Speaking of family trees
, Roy Disney (the last board member with ties to the founding family) resigned from the company Sunday
, calling for the ouster of Chairman Michael Eisner
. Stanley Gold soon soon followed
. In a harsh letter
Disney said the entertainment conglomerate had "lost its focus
, its creative energy
, and its heritage
" and that the public
now held the perception
that company is "rapacious
, and always looking for the 'quick buck
No word yet from the Disneyland obsessives
, but the folks at MousePlanet
's Mousepad seem optimistic about this development
posted by Fofer
on Dec 2, 2003 -
Republicans plan energy bill
"Legislation to be introduced next week by the Senate energy committee chairman would pay billions of dollars in subsidies to the energy companies, which gave generously in last year's campaign." More here.
posted by kliuless
on Feb 13, 2001 -
A dose of reality.
I apologize for the content of this URL, but this is just too funny not to post. Finally, the world gets a dose of reality that .com != good company.
posted by fusinski
on Jun 26, 2000 -