As Mr Sirower notes, lawsuits and the press punish other value-destroying corporate decisions.
Instead of publicly denouncing a company's managers as a bunch of value-destroying nitwits, they are quietly negotiating with them.
But the world's Friedmanites have waged a relentless guerrilla war against the idea, denouncing it as a farrago of value-destroying nonsense.
The equity bubble in 1998-2001 may have been in some part responsible for the large number of value-destroying mergers at that time.
Naturally, our fellows caved in and agreed to this value-destroying deal.
CEOs expanded their empires, funded value-destroying pet projects and ignored shareholders.
As the state sector--composed of monopolistic, inefficient and value-destroying enterprises--crowds out scrappy private businesses from the marketplace, the productive power of the economy will surely erode.
"Some value-destroying firms and even banks, themselves, can and should fail through the process of improving financial market transparency and liquidity, " he said in a presentation last month.
Similarly, private-equity firms took on too much debt during the credit bubble, when it was available on absurdly generous terms, and are now having to make value-destroying cuts at many of the companies in their portfolios as a result.
Focusing on short-term shareholder value ended up destroying vast quantities of long-term shareholder value.
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Ms. MINOW: It's when they get paid that kind of money by - for destroying shareholder value, it's an outrage, it's appalling.
The volume of Bitcoin-denominated commerce would plummet, destroying its value as a currency.
Profits have also come from high and risky leverage, new products of dubious value to the non-Wall Street economy and insider dealing from mergers and acquisitions that generate fees and high payouts life-changing payouts to executives at the companies sold while destroying value and often jobs.
The London-based company has lost more than a third of its stock-market value since April 20, when one of its gulf wells blew out, destroying the Deepwater Horizon drilling rig, killing 11 men and triggering the worst offshore oil spill in U.S. history.
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