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

The Rise Of The 'Shareholder Dictatorship'

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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