Sean Delehanty
Historian and author of Company Men: The Invention of Shareholder Value and the Splintering of the American Economy, providing expertise on the history of shareholder value and the transformation of the American corporation.
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Jan 27, 2026 • 1h 18min
E234 - The Rise of Shareholder Primacy w/ Sean Delehanty
Sean Delehanty, historian and author of Company Men, traces how shareholder value became the guiding principle of American corporations. He walks through postwar corporatism, conglomerates, the rise of financial economics, hostile takeovers, leveraged buyouts, private equity, and the 1990s consolidation of shareholder primacy. The conversation also examines how stock-centric pay reshaped the economy and who gained from those shifts.
