1. Articles from Steven Pearlstein

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    1. Darden's Dilemma Shows Us Bitter Truths About Boardroom Behavior

      Darden's Dilemma Shows Us Bitter Truths About Boardroom Behavior

      I made my first trip to a Red Lobster last week — I had the Bar Harbor Lobster Bake — to better understand the financial melodrama that is playing out on Wall Street and in the company’s boardroom. It’s a case study of everything that’s wrong with the current version of “shareholder capitalism”...

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    2. Businesses’ focus on maximizing shareholder value has numerous costs

      Businesses’ focus on maximizing shareholder value has numerous costs

      In the recent history of management ideas, few have had a more profound — or pernicious — effect than the one that says corporations should be run in a manner that “maximizes shareholder value.”  Indeed, you could argue that much of what Americans perceive to be wrong with the economy these days — the slow growth and rising inequality; the recurring scandals; the wild swings from boom to bust; the inadequate investment in R&D, worker training and public goods — has its roots in this ideology.

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    Businesses’ focus on maximizing shareholder value has numerous costs Darden's Dilemma Shows Us Bitter Truths About Boardroom Behavior Safra Catz Will Remain Oracle's Sole CEO While the Company Grooms a New Exec to Replace the Late Mark Hurd as Co-CEO STAG Industrial Appoints Jit Kee Chin To Board Of Directors CURE Pharmaceutical [OTC: CURR] Names Canopy Rivers’ Chairman, John K. Bell, To Board of Directors Sue Barsamian Appointed to Boardspan Board of Directors CIB Marine Bancshares, Inc. Announces Additions to Board of Directors Catasys Appoints Industry Executive Gus Giraldo to Board of Directors AVEO Oncology Announces Appointment of Scarlett Spring to its Board of Directors Gerald W. Evans Jr. Elected to Valvoline Board of Directors Immunic, Inc. Expands Board of Directors with Appointment of Biotechnology Executive Barclay A. Phillips Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers