Since the 1990s, maximizing shareholder value has been a major mission of company executives in the United States and abroad. However, investment specialist James Montier says that upholding this ideal is little more than a smokescreen for propping up executive compensation. In fact, Montier claims that stock buybacks and other actions designed to enhance shareholder value produce tangible benefits only for those with substantial equity-based rewards. getAbstract recommends his witty, engaging and research-based “tirade” on shareholder value to executives, board directors and others responsible for assuring good corporate governance.
About the Author
The author of several books, James Montier is currently part of GMO’s asset allocation team.
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