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The chief executive is less nurturer of the soil, more cranker of the earnings handle.
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And these instincts are also consistent with the origins of the word ownership (see below). But does this historic view of ownership as stewardship still apply in the age of global capital flows, instant trading and complex derivatives? Stewardship means a sense of responsibility for that which you own and handle every day. It implies that the business should be around for generations, and that the owner is responsible for handing it on to the next generation in better shape than he or she inherited it. The measure of success that goes naturally with stewardship is going to be a measure of long-term health – of shareholder value, certainly, but shareholder value grown organically from nurturing the relationships of the business.