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We are beginning to see an evolution in business from a 20th century view that the purpose of business is to maximize value for shareholders to a shared view that the purpose of business is to maximize value for society.
The board has also said it is open to considering "compelling" proposals that would "maximize value" for shareholders.
But the board sought to maximize value for shareholders, rather than letting pure nationalism govern its decisions.
We will work closely with the board of directors, management and the creditors committee to develop a reorganization plan to maximize value for the company's stakeholders".
He added that Adelphia had a responsibility to maximize value for shareholders and that sales of individual assets might not be the best strategy for doing that.
"We will evaluate all of our options going forward in order to maximize value for Dollar Thrifty shareholders," Mr. Thompson said in a statement.
This was done "to enable the company to focus on those business matters that will maximize value for its shareholders," according to a Citadel statement.
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But, the statement said, "Mirage would be willing to consider a transaction which would fairly reflect the long-term values inherent in the Mirage properties, brand name and good will, rather than an opportunistic bid which is timed to maximize values for the bidder".
"The discussions this go round were friendly and were all about maximizing value for shareholders".
The NAO said: "The primary factor in decision-making has been opening schools at pace, rather than maximizing value for money".
"They really are afraid of getting thrown out of their country clubs, even though their objective ought to be maximizing value for their shareholders".
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