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I would like to invite you to participate in the caucus:

"Personal values versus stock value maximization. Conflicts and solutions."

Abstract

Daring to care (being ethical) is not an easy task for managers in the current economic environment. Strategic Value Management (SVM) provides a profound explanation for such difficulties and new ways to solve them. SVM is a new discipline that links managerial decisions to their impact in terms of stock value creation. It shows how the need to maximize shareholder value leads managers to maximize profits, growth and capital, generating abuses of their market power and abuses of resources. One extreme example of this is the need for global financial funds to speculate in order to maximize shareholder wealth leading to devastating consequences such as the current financial meltdown and the speculative attacks on oil, food and currencies in the last decades which left millions without homes, jobs, and food. SVM shows how consumers and investors are the ones that really put pressure on the firms; managers are unable to enact their personal values as they are ultimately agents hired to maximize the shareholders' wealth. This paper proposes new courses of action to develop an economic system based on values, integrating business management, philosophy, psychology, religion and political economy.

It is scheduled for Monday, Aug 9 2010 1:15PM - 2:45PM at Le Palais Des Congres in 521A.

Thanks and hope to see you there.