"Put bluntly, conventional shareholder value thinking is a mistake for most firms - and a big mistake at that. Shareholder value thinking causes corporate managers to focus myopically on short-term earnings reports at the expense of long-term performance; discourages investment and innovation; harms employees, customers and communities; and causes companies to indulge in reckless, sociopathic and socially irresponsible behaviours. It threatens the welfare of consumers, employees, communities and investors alike."