Showing posts with label rio tinto. Show all posts
Showing posts with label rio tinto. Show all posts

Wednesday, June 11, 2008

Shareholder Value

I'm tired of this phrase "create shareholder value". Every TDH from the CEO of BHP Billiton to my friend who runs a 20 employee startup keeps talking about creating value for shareholders, whether by offering to buy Rio Tinto, or in my friend's case, by taking a piss on the sidewalks of San Mateo. I'm not against creating shareholder value. It is the holy grail of our times, which if not followed or at least uttered a dozen times a day, may put your ass in the firing line the next time your board catches a cold. But trust me, you and I have equally grown tired of this bs. What we need is a new phrase, not a new concept. Something novel, striking, easy-to-say, beautiful and fresh! But it has to create shareholder value, got it?!