How the mighty change tune!

Article published in the Financial Times citing Jack Welch, former CEO of GE, saying "shareholder value was probably the dumbest idea". This is rich coming from the horse's mouth since Jack Welch is attributed with originating the idea of creating shareholder value through short-term profits and paying out increasing dividends every quarter. Soon Corporate America followed suit and quickly adopted his mantra as the Holy Grail which has been driving businesses over the last 3 decades...

http://www.ft.com/cms/s/0/294ff1f2-0f27-11de-ba10-0000779fd2ac.html