Shareholder Value is the End
The Shareholder value principle is nothing else than the beginning of the end for a company. I've been facing years ago with a situation where I was involved in advanced project management when The CEO retired and a new one was nominated. The formal one was a man of the future, with a clear strategic vision and a clear roadmap to deploy. The new one had another mission : increase shareholder value. All advanced researches were cut to derive the so called "short term benefits".
Two years later, the company was facing serious difficulties and the new CEO was fired by the Administration Board for lack of results!
Was he really the only one to be guilty ?!?!