T Boone Pickens, chairman and chief executive officer of BP Capital Management in New York, U.S. (Photographer: Michael Nagle/Bloomberg)

Toppling the Idol of ‘Shareholder Value’

(Bloomberg View) -- "Maximizing shareholder value" is one of those concepts that falls under the adage, "Be careful what you wish for." I know this because, a long time ago, I was one of those wish...