Decreasing Shareholder Wealth

Author: Client Uploads

December 1st, 2022

August 2020—Mark Benioff https://www.cnbc.com/2020/08/25/salesforces-marc-benioff-claims-a-victory-for-stakeholder-capitalism.html told Cramer in August how the company executed so well on this desideratum. But didn’t Salesforce also lay off a thousand people? Is stakeholder capitalism really anything more than diffusing NPV? Decreasing shareholder wealth? Or is it good old-fashioned “long-term thinking?”Does anyone know what Nobelist Milton Friedman said about similar topics?

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