What does it nail?
The myth that the purpose of business, nay the duty of managers, is to maximise shareholder value.
And that is a myth.
A con, a fraud, a canard. You get the idea.
Do a little digging, and the proponents of the idea, from back in the 1960s, 1970s, and particularly the 80’s and 90’s, are revealed.
My own reading into this area tallies with what this excellent Atlantic article says. Hence the blog.
I won’t repeat the argument: It’s too well said in the short Atlantic piece, which you must read here.
There are two books suggested in the piece that you might want to give to your CEO, along with a print out of the linked article above.
The books are these:
(A third is Collin’s “Good to Great“ but I assume you know about that one)