William Lazonick on How The Stock Market Killed Tech
Better Offline
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The Consequences of Shareholder Value on Innovation and Competitiveness
This chapter explores the detrimental effects of prioritizing shareholder value on innovation and competitiveness among large companies, especially in the tech sector. It highlights the struggles U.S. firms face against Chinese competitors and examines case studies, including Boeing, to illustrate the long-term consequences of this focus on stock prices.
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