The origin of ‘the world’s dumbest idea’: maximizing shareholder value: The idea got going with an article by Milton Friedman in the New York Times in 1970. The economic consequences were disastrous.
Return on shareholder value (i.e.: quarterly profits) above everything else, jobs, wages, etc. is what’s destroying our lives. Even Forbe’s Magazine, the bastion of corporate America admits it!
Source: The Origin Of ‘The World’s Dumbest Idea’: Milton Friedman – Forbes