Æ ASSETECONOMICSThe VBM Project examines the thinkers, concepts, strengths, and mis-steps of the VBM era:
"It's become fashionable to blame the pursuit of shareholder value for the ills besetting corporate America: managers and investors obsessed with next quarter's results, failure to invest in long-term growth, and even the accounting scandals that have grabbed headlines. When executives destroy the value they are supposed to be creating, they almost always claim that stock market pressure made them do it. The reality is that the shareholder value principle has not failed management; rather, it is management that has betrayed the principle." ~ Alfred Rapaport (2006), Ten Ways to Create Shareholder Value
The VBM Project will capture why value-based management evolved, pivotal thinkers and evangelists, key concepts, how VBM has worked, and goals for the future.
As Alfred Rappaport (2006) wrote in Ten Ways to Create Shareholder Value: