Pickens Carried Friedman’s Torch

Almost every story on the origins of corporate American’s shareholder-centric approach includes a history lesson on economist Milton Friedman and his role in bolstering the concept that many believe has led to a short-term approach to company success, undermining innovation and employees.

Friedman’s theory, however, was propelled by corporate raiders such as T. Boone Pickens, who died last month at the age of 91.

Already a subscriber? Sign In

About the Author(s)

Eve Tahmincioglu

Eve Tahmincioglu is the former editor-in-chief of Director & Boards .


Related Articles

Navigate the Boardroom

Sign up for the Directors & Boards weekly newsletter for the latest news, trends and analysis impacting public company boardrooms.