Open AccessAmerican Cronyism: How Executive Networks Inflated the Corporate Bubble
Author(s) -
Gerald F. Davis
Publication year - 2003
Publication title -
contexts
Language(s) - English
Resource type - Journals
eISSN - 1537-6052
pISSN - 1536-5042
DOI - 10.1525/ctx.2003.2.3.34
Subject(s) - shareholder value , cronyism , mantra , shareholder , value (mathematics) , business , business ethics , economics , corporate governance , management , accounting , political science , law , philosophy , theology , machine learning , politics , computer science
“Shareholder value” was the sacred mantra of American business in the 1990s. But creating shareholder value can be a fickle undertaking and corporate executives often followed the lead of their colleagues. The result was a contagion of questionable business practices that resulted in the creation of a corporate bubble—and its implosion.
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