No. of Recommendations: 4
Commence derisive laffing.

The CEOs of nearly 200 companies just said shareholder value is no longer their main objective

The re-imagined idea of a corporation drops the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits.

Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.

Treating people ethically? Bwahahaha!

When I was in grad school, Theory Y was the thing and Theory Z was the coming thing. Fooey! My experience, both before and after grad school, was that management always reverts to Theory X.

So I suspect this new screed is simply another PR effort in a period of low unemployment.

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