# Professor Roy Smith discusses the pursuit of shareholder value

1 Faculty News June 15, 2016 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/2016/06/08/world/profit-biz-school) -- "At New York University’s Stern School of Business, finance professor [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith) said he teaches that shareholder value is a core tenet of American economics and law. ... But even Smith said companies should adhere to the ethical norms of the era they’re in. 'You can only go so far in the pursuit of pure profits,' he said."

[Read more](http://www.marketplace.org/2016/06/08/world/profit-biz-school)