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The myth of maximizing shareholder value

In a well-intentioned op-ed in The Post [“Dialing up the power in people’s phone calls,” op-ed, Feb. 9], Wikipedia founder Jimmy Wales recently extolled his new phone venture, which has pledged to devote a quarter of its profits to “good causes” selected by an independent foundation. Now, I support good causes as much as the next fellow, and I have nothing negative to say about this initiative. I am compelled, however, to note that in delineating the obligations that corporations must meet, Wales made an error at once so common and so fundamental that it screams for correction.

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Harold Meyerson Named One of Nation’s Top 50 Columnists!

awardIn September, 2009 Atlantic Monthly named Harold Meyerson one of 50 Most Influential Columnists. Calling its list “its all-star team,” Atlantic Monthly’s Top 50 are the most influential commentators in the nation – the columnists and bloggers and broadcast pundits who shape the national debates. Harold Meyerson is honored to be in their midst.

To get a complete list of the country’s Top 50 Idea-meisters, click here.

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