The Most Famous Exponent of the Shareholder Theory: Identifying the Leading Figure

Choose the exponent you think is the most famous!

Author: Gregor Krambs
Updated on Apr 19, 2024 08:08
Step right up and cast your vote in our latest and most exciting ranking yet - "Who is the most famous exponent of the shareholder theory?" Join thousands of other avid fans and enthusiasts as we dive deep into the world of business magnates, corporate gurus, and financial wizards who have shaped the very foundations of modern capitalism. Be a part of this thrilling journey as we explore the minds behind the shareholder theory and rank them based on your votes! And if you think we've missed out on a deserving name, don't worry - you can suggest your favorite champion of the shareholder theory and watch them climb the ranks. So, what are you waiting for? Immerse yourself in this riveting debate and let your voice be heard in the ultimate showdown of shareholder theory exponents!

Who Is the Most Famous Exponent of the Shareholder Theory?

  1. 1
    American economist and Nobel laureate, known for his advocacy of shareholder theory and the idea that the social responsibility of businesses is to increase profits.
    Milton Friedman in other rankings
  2. 2
    American economist and Harvard Business School professor who co-authored the influential 1976 article "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure," which argued that managers should be incentivized to act in the best interests of shareholders.
  3. 3
    Russian-American philosopher and novelist who championed individualism and laissez-faire capitalism, and argued that businesses should be free to pursue their own self-interest without interference from government or other stakeholders.
    Ayn Rand in other rankings
  4. 4
    American economist and former U.S. Secretary of Labor who has criticized shareholder theory as short-sighted and argued for a more stakeholder-oriented approach to business.
  5. 5
    Jack Welch
    Hamilton83 · CC BY-SA 3.0
    Jack Welch former CEO of General Electric, who famously declared that the company's only responsibility was to increase shareholder value.
    Jack Welch in other rankings
  6. 6
    Warren Buffett
    Mark Hirschey · CC BY-SA 2.0

    Warren Buffett

    Warren Buffett
    American investor and CEO of Berkshire Hathaway, who has been a vocal proponent of shareholder theory and has advocated for companies to return excess cash to shareholders.
    Warren Buffett is widely regarded as one of the most successful and influential investors in the world. He is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company.
    • Investment Strategy: Long-term value investing
    • Focus: Seeking undervalued companies with strong competitive advantages
    • Stock Picks: Known for investing in companies like Coca-Cola, Apple, and Goldman Sachs
    • Compound Annual Growth Rate: 20.3% from 1965 to 2019
    • Philanthropy: Donated a significant portion of his wealth to charitable causes
    Warren Buffett in other rankings
  7. 7
    Scottish economist and philosopher, considered the father of modern economics, who argued that the pursuit of self-interest could lead to the greater good and that markets should be left to regulate themselves.
    Adam Smith in other rankings
  8. 8
    Eugene Fama
    TonyTheTiger (t/c/bio/WP:CHICAGO/WP:LOTD) · CC BY-SA 3.0
    American economist and Nobel laureate, known for his research on efficient markets and the idea that stock prices reflect all available information.
  9. 9
    Gordon Gekko fictional character from the 1987 film "Wall Street," who famously declared that "greed is good" and embodied the ruthless pursuit of profit at all costs.
  10. 10
    CEO of BlackRock, the world's largest asset manager, who has recently called on companies to prioritize long-term value creation and consider the interests of all stakeholders, not just shareholders.

Missing your favorite exponent?


Ranking factors for famous exponent

  1. Contributions to the theory
    The individual's contributions to the development and advancement of the shareholder theory, including original research, publications, and thought leadership.
  2. Influence on the business community
    The individual's influence on business practices and policies related to shareholder value maximization, such as through advocacy, consulting, or leadership positions at major companies.
  3. Impact on the broader society
    The broader societal impact of the individual's advocacy for shareholder value maximization, including their impact on corporate governance, social responsibility, and public policy.
  4. Recognition and awards
    Any recognition or awards the individual has received for their contributions to the shareholder theory or related fields.
  5. Relevance today
    The ongoing influence and relevance of their ideas and perspectives to current debates and developments regarding shareholder value maximization and corporate governance.

About this ranking

This is a community-based ranking of the most famous exponent of the shareholder theory. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or exponent is missing, feel free to help improve the ranking!


  • 252 votes
  • 10 ranked items

Voting Rules

A participant may cast an up or down vote for each exponent once every 24 hours. The rank of each exponent is then calculated from the weighted sum of all up and down votes.


More information on most famous exponent of the shareholder theory

The Shareholder Theory, also known as Shareholder Primacy, is a concept in corporate governance that emphasizes the importance of maximizing shareholder value above all else. This theory posits that the primary purpose of a corporation is to generate profits for its shareholders, with all other stakeholders, including employees, customers, and the environment, being secondary considerations. One of the most famous proponents of the Shareholder Theory is economist and Nobel laureate Milton Friedman, who argued that corporations should focus solely on maximizing profits and that any social responsibility beyond this would be a misuse of corporate resources. However, this theory has also faced criticism for its narrow focus on short-term financial gains and its disregard for the broader social implications of corporate actions. Despite this criticism, the Shareholder Theory remains a widely debated topic in corporate governance and has had a significant impact on business practices and policies worldwide. As such, understanding the key players and ideas behind this theory is essential for anyone interested in the world of business and finance.

Share this article