Extract
Distortions in value creation.
The whole stock option process - wealth without risk - needs serious reconsideration.
The creation of "shareholder value" as the explicit focus of corporate strategy is largely a phenomenon of the 1990s. It has been driven, in part, by the leadership of large institutional investors, notably the states of Wisconsin and Florida, CalPERS, and the New York City funds, supported by the vigorous advocacy of the ...See the full content of this document
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