Please read the articles Greed Cycle , Dumbest Idea in the World , and Maximizing Shareholder Value: The Goal That Changed Corporate America . After you have read them, write a 4-6 page paper addressing the following questions.
Greed Cycle Questions:
- What has been the changing nature of the goal of the corporation?
- What is the relationship between agency problems and the goal of shareholder wealth maximization?
- What are successful and unsuccessful ways in which agency problems between managers and owners have addressed?
- What is the relationship between agency conflicts and options given to managers?
- What is your opinion of the best goal for corporations?
Dumbest Idea. . . Questions:
- What is the Dumbest Idea? Why?
- How has the focus on SH wealth changed the way success is measured?
- How has the time perspective been altered by the focus on SH wealth?
- What alternative goals are suggested?
Maximizing Shareholder Value: The Goal that . . . Questions:
- What changes are described for IBM in this article? Why?
- Describe the philosophical changes that have occurred as a result of this change in goal. How has this impacted behavior?
- What about Social Responsibility?
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