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Has the shareholder-value model really failed, however?
ECONOMIST: Shareholders v stakeholders
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"We believe in one share, one vote, and if all we get back are bromides about the need to preserve journalistic integrity, we think the burden is on the company to prove its model maximizes shareholder value, " says Christopher Young, of proxy adviser Institutional Shareholder Services.
FORBES: Entrenched No More
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And they represent a growing realization that sustainable business success will not be found in a business leadership model that espouses shareholder value as the only, or even the preeminent, value.
FORBES: The New Kind of Leadership for Tomorrow's Leaders
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We are seeing a slow, but it seems inexorable, move in North America in many industries to a stakeholder model where the shareholder is the first among equals but not the only person at the table.
FORBES: 3 Things Business Can Learn From Government
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Tesla Motors announced today that sales of its Model S vehicle exceeded the target provided in the mid-February shareholder letter.
ENGADGET: Tesla Model S axes 40 kWh battery option, surpasses sales goals