Will Boeing Crash Shareholder Value?
Boeing’s self-inflicted woes hold broader lessons for contemporary corporate governance. Once again, we see how the misguided idea of shareholder value can serve powerful financial interests while destroying what business organizations are best at and leaving many other stakeholders – customers, suppliers, and employees – worse off.
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NEW YORK – For half a century, maximizing shareholder value has been the overriding objective of corporate governance, especially in the United States and the United Kingdom. But Boeing’s disastrous performance on product and customer safety may mean that change is in the air.