"Since the late 1970s, when American companies were fat and complacent, the focus of American capitalism has been on the bottom line.
Spurred on by activist shareholders, private-equity firms, and bonuses based on stock prices, corporate managers have become obsessed with maximizing quarterly profits.
This new focus has produced remarkable results.
Over the past three decades, big American companies have gone from having below-average profit margins to the highest profit margins in history
Unfortunately, this obsession with profit maximization has come at a cost.
By focusing their entire effort on the bottom line, many American companies have reduced their value to the other constituencies that great companies serve, namely:
- employees, and
This means that a record-low percentage of the vast wealth these companies have is being shared with the people who help earn it. [...]
[...]We need to stop maximizing profit and start maximizing value."
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Origine : SAI http://www.businessinsider.com/companies-focus-on-value-not-profit-2013-3