Interesting article in Forbes about a new book: What Capitalism can learn from the NFL
Martin compares the idea of maximizing shareholder value as trying to cover the point spread in the NFL rather than trying to win the game. Targeting the real market instead of the expectations market could do capitalism a lot of good. Too often management has the incentive to maximize short term profits at the expense of long term growth. What's worse is that this pressure often comes from the shareholders themselves. I just hope the book is as good as this article.