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> these tech start-ups are missing out on the market discipline public companies receive by being accountable to the whims of public shareholder Wow, you mean
by wrong_variable 11y ago
> these tech start-ups are missing out on the market discipline public companies receive by being accountable to the whims of public shareholder
Wow, you mean the type of accountability faced by GM, Ford, Exxon Mobile . . .
how can this man say that with a straight face ?
- ihsw 11y agoHe's paid to say it.
- saryant 11y agoEnron's accounting fraud was only discovered because they're a public company and forced to disclose those records. Once someone actually looked at what Enron was up to, the shorts took over and hammered them until they folded. Only then did regulators actually take a look. By being a public company, Enron couldn't hide its fraud. I have concerns about the lack of similar checks on unicorns.