Shareholder Value Maximization - Publications - Faculty & Research

01 Sep 2009
News

Executive Pay: Onward & Upward

departing executives soon become common practice. 1990 To better align executive pay with shareholder returns, academics — led by HBS professor Michael Jensen — and activists urge greater use of stock options. During the bull market years... View Details

Keywords: Corporate Services; Management, Scientific, and Technical Consulting Services; Professional Services

01 Mar 2008
News

Lessons from Private Equity

GADIESH: To reap private equity returns, act more like a private equity manager COURTESY OF BAIN & CO A recent Harvard Business Review article headlined “If Private Equity Sized Up Your Business” gave many leaders of public companies a thoughtful pause: Why can’t we... View Details

Keywords: Business Schools & Computer & Management Training; Educational Services; Securities, Commodities, and Other Financial Investments; Finance; Management

01 Jun 2001
News

HBS Press Books in Brief

Relationships as Valuable Assets, by Robert C. Blattberg, Gary Getz, and Jacquelyn S. Thomas, is the first book to provide a unifying framework and practical tools for measuring customer value — the potential profitability of each... View Details

Keywords: Publishing Industries (except Internet); Information

20 Jun 2011
Lessons from the Classroom

Fame, Faith, and Social Activism: Business Lessons from Bono

escalating, high-profile campaign against Third World debt, poverty, war and disease. “Any CEO who thinks his or her job is about maximizing shareholder value is living in the... View Details

Keywords: by Kim Girard; Entertainment & Recreation

02 Sep 2010
What Do You Think?

How Transparent Should Boards Be?

board's deliberation will be publicized in the business press for weeks, further depressing the price of the stock. They remind their colleagues that the board's primary responsibility is to shareholders and the View Details

Keywords: by Jim Heskett

03 May 2016
First Look

First Look, May 3, 2016

involve tensions between local imperatives and boundary-crossing integration. And there are obligation paradoxes, when the goal of maximizing profits for shareholders clashes with the desire to generate... View Details

Keywords: Sean Silverthorne

01 Oct 2015
Blog Post

Why We Recruit: Goldman Sachs

substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. We commit people, capital and ideas to help our clients, shareholders and the communities we serve to... View Details

09 Dec 2008
First Look

First Look: December 9, 2008

the idea initiated by the price of anarchy literature (Koutsoupias & Papadimitriou, 1999; Papadimitriou, 2001) this suggests the study of two major measures for the value of correlation in a game with non-negative payoffs: the ratio... View Details

Keywords: Martha Lagace

14 May 2019
Research & Ideas

Ethics Bots and Other Ways to Move Your Code of Business Conduct Beyond Puffery

When health insurer Cigna Corp. appeared in front of a judge for allegedly misleading shareholders on Medicare regulations this spring, plaintiffs thought they had a strong case. After all, Cigna had published its own document titled... View Details

Keywords: by Michael Blanding

15 Sep 2008
Research & Ideas

The Coming Transformation of Social Enterprise

I absolutely think it's too narrow a view. In the decade of the '90s, maximizing shareholder value became a corporate mantra. But the notion that the corporation exists only to... View Details

Keywords: by Roger Thompson

16 Jul 2024
Op-Ed

Corporate Boards Are Failing in Their No. 1 Duty

GE’s transition from Jack Welch to Jeff Immelt. In 20 years at the helm, Welch had grown shareholder value from $14 billion to $400 billion and Fortune had named him “Manager of the Century.” Immelt,... View Details

Keywords: by Bill George

01 Jun 2008
News

Kash Rangan

CSR often cite Milton Friedman, who famously said that “the social responsibility of business is to increase profits.” Do you agree? I absolutely think it’s too narrow a view. In the decade of the ’90s, maximizing View Details

Keywords: Roger Thompson; Finance

01 Sep 2010
News

Reinventing the Annual Report

and customer satisfaction, factors that contribute to revenue growth. So how can shareholders and other stakeholders know if a company’s commitment to a sustainable society is contributing to a sustainable strategy that will create View Details

Keywords: Robert G. Eccles

Fast Answer

First time investments in private equity and M&A.

Placements section select Valuations In the window Screening Criteria: Transaction Valuations, set the value to "= 1" Click add criteria Add other filters date and those listed under Private Placement Transaction... View Details

21 Nov 2019
Blog Post

Finding My North Star at the Crossroads of Profit and Purpose

and career choices. Graduating from IIT Kharagpur, I decided to join Schlumberger – the world’s largest oilfield services company. Schlumberger, founded in 1926, in many ways reminded me of Tata Steel, a company that cares for its people while returning View Details

October 2024 (Revised March 2025)
Teaching Note

BWX Technologies

By: Suraj Srinivasan and Yuan Zou

Teaching Note for HBS Case No. 124-071. View Details

Keywords: Transformation; Communication Intention and Meaning; Business and Shareholder Relations; Valuation; Diversification; United States; Canada

Citation

Purchase

Web

Suppliers - Institute For Strategy And Competitiveness

long-term clinical outcomes and cost to demonstrate value compared to alternative therapies Conduct new types of long-term comparative studies in collaboration with providers and patients Increase the success rate instead of View Details

26 Jan 2016
First Look

January 26, 2016

ways. In the light of these wide-ranging effects, much scholarship has been devoted to specifying the responsibilities of managers of for-profit business enterprises. Much of this scholarship is framed in relation to “shareholder primacy”—the view that managers should... View Details