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From the article: > corporations exist to make money. I'm so tired of hearing this. Contrast this with Steve Jobs's quote: "My passion has been to build an
by combatentropy 10y ago
From the article:
> corporations exist to make money.
I'm so tired of hearing this. Contrast this with Steve Jobs's quote:
"My passion has been to build an enduring company where people were motivated to make great products . . . the products, not the profits, were the motivation. Sculley flipped these priorities to where the goal was to make money. It's a subtle difference, but it ends up meaning everything."
- spc476 10y agoPublic companies legally have to "increase shareholder value." If they don't, the shareholders can revolt. Private companies aren't beholden to this mandate. Nor are Google and Facebook, which structured their public stock offerings to keep the founders in charge. Apple was an odd outlier in that the stock holders had complete trust in Steve Jobs to ultimately increase the stock value long term, so let him spend the money on R&D as he saw fit. How many public companies not structured like Google or Facebook are like that?