Shareholder Primacy
topic on 2 shows · 2 statements across 2 episodes
the Y Combinator Startup Podcast 
Lenny's Podcast
2 statements about Shareholder Primacy, every show
Ries: Shareholder primacy was never enacted by statutory law or referendum
“In the history of the world. Shareholder primacy has never been subject to any referendum, any legislative action, nothing. So it's weird. If you learned in school, how a bill becomes a law, There's no law for shareholder primacy.”
Ries: Shareholder primacy is only 40 years old
“For the vast majority of the time, for hundreds of years, we have had joint stock corporations. Only the last 40 have we had this idea. Before the eighties, it was considered obvious. Our grandparents thought it was obvious. Our great grandparents thought it w…”