Forget “maximize shareholder value.” It leads to horsemeat in the lasagna.

We’ve been blindly repeating the mantra “maximize shareholder value” (MSV) for many years. It’s time to re-think. There’s an insightful/disruptive article in Forbes that turned on the lightswitch. The author, Steven Denning, takes on the demi-gods of B-school conventional wisdom and makes the case that MSV sloganeering has led to corrosive next-quarter-itis. Excessive cost-cutting tends to satisfy Wall Street, stress …