The Rise Of The 'Shareholder Dictatorship'

06/28/2012 08:23 am ET | Updated Aug 28, 2012

It's a bedrock principle of our era: Companies should be run for the sole purpose of increasing their stock prices, or returning "value" to shareholders, the ultimate "owners."

To Lynn A. Stout, however, it amounts to nothing more than a "shareholder dictatorship."

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