Shareholder Value
topic on 2 shows · 3 statements across 2 episodes
the Y Combinator Startup Podcast 
the Knowledge Project
3 statements about Shareholder Value, every show
Ries: Making shareholder value the primary goal degrades product quality
“Everyone who's ever studied this and looked at it seriously understands that shareholder value is like the exhaust that comes out of the engine. When you take the exhaust pipe and put it in the intake and make that your explicit goal, now you don't stand for a…”
Ries: 19th-century corporate charters never specified maximizing shareholder value
“If you look at the 19th century, like companies that were created and you read their charter, none of them say maximize shareholder value. That would have been considered a crime.”