The latest encyclical from Pope had an article on outsourcing problems and globalization and the Pope highlighted the woes of stakeholders while the shareholders made merry. At a superficial level, it appears to make sense and many would buy the argument.. In this connection, Swaminomics column on the Times last week was brilliant and insightful on this subject and I highly recommend it as a must read
I now completely agree with S A Iyer and I do think the narrow /traditional definitions of shareholders and stakeholders don't hold water in this era of globalization and an almost 'one-world economy' scenario. Its time to change and open our minds and rid ourselves from myths and concepts.