Brad and Raj,

It seems you have a different point of view on the same issues.

Brad, is saying that"the problem is not with the goal of shareholder value maximization, but with the means used to further that goal"

Raj is saying that "the idea that SVM theory is good but the practice flawed seems to me a bit like saying communism is fine in principle, it's just that it gets let down by (all) the practitioners!"

You can find Raj's comment here: http://eic.cfainstitute.org/2014/10/23/shareholder-value-maximization-t…

I'm sorry that the comments got divided across the two pages on this post, but it'd be good to post further comments here, if possible.