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How a baseball lawsuit helped define how corporations are governed

Jun 16, 2016
It all started because there were no lights at Wrigley Field for night games.
Javier Baez of the Chicago Cubs bats against the Arizona Diamondbacks at Wrigley Field on June 3, 2016, in Chicago. The Cubs defeated the Diamondbacks 6-0.
Jonathan Daniel/Getty Images

Forrest Full of Shares

Jun 15, 2016
What's a share? Well, Paddy Hirsch's mom used to say they were like a box of chocolates...

Pharma: an industry shaped by shareholder value

Jun 15, 2016
Big drug companies today have remade their business models.
Big Pharma has remade their business models over time to maximize shareholder value. 
Joe Raedle/Getty Images

All buy myself ... the thinking behind stock buybacks

Jun 15, 2016
Companies flush with cash often repurchase their own shares. But there are risks to doing so.
A cleaner sweeping the dealing floor of the New York Stock Exchange, circa 1935. 

Keystone/Getty Images

Former BP CEO John Browne emphasizes the long term

Jun 15, 2016
Old strategies of social responsibility won't work, he says.
The then-Group Chief Executive of British Petroleum (BP) , Sir John Browne, at the company's headquarters in London in 2000.

What business schools teach about shareholder value

Jun 15, 2016
More schools are telling students that profits aren't the only consideration.
Inside a Harvard Business School classroom.
HBS1908/Wikimedia Commons

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How shareholders jumped to first in line for profits

Jun 14, 2016
A business theory helped put profits for shareholders ahead of other corporate interests.
Milton Friedman, one of the most influential economists of the 20th century.

An anthropologist's view of Wall Street

Jun 14, 2016
'The smartest guy in the room' doesn't have a long-term outlook, Karen Ho says.
"They're sort of cultivated and come to understand themselves as the smartest guy in the room," says anthropologist Karen Ho of Wall Street culture.
William Lovelace/Express/Getty Images

A company that deserved a shareholder-value makeover

Jun 14, 2016
The conglomerate Gulf and Western Industries encompassed over 100 businesses.
 Mel Brooks poked fun at real-life conglomerate Gulf and Western in his 1976 comedy "Silent Movie." The screen version was "Engulf and Devour."