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Many people firmly believe that the purpose of business is to maximize shareholder value. However, as we learned from The Age of Customer Capitalism that
Many people firmly believe that the purpose of business is to maximize shareholder value. However, as we learned from "The Age of Customer Capitalism" that notion has not always been the case. In fact, according to that article, "maximizing shareholder wealth" as an overall corporate philosophy actually started when?
in the s
shortly before the start of the industrial revolution late s
shortly after the end of the industrial revolution early s
when the Generally Accepted Accounting Principles GAAP were formally adopted by the Financial Accounting Standards Board
FASB
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