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He sure deserves his lumps over Valeant but let’s not play pretend. There are plenty of monsters on Wall Street who will gladly destroy great companies for sho
by godzillabrennus 9y ago
He sure deserves his lumps over Valeant but let’s not play pretend. There are plenty of monsters on Wall Street who will gladly destroy great companies for short term profits.
Eric Ries has the right idea with the long term stock exchange.
- hidenotslide 9y agoWhat is the LTSE? From their website it doesn't really seem like they do anything other than some apps for entrepreneurs? Often the mechanism for destroying great companies is plundering one group of stakeholders to pay off equity and management. E.g. firing long-time employees, underfunding/changing pensions, over leveraging, or risky regulatory strategies that they won't be around to face the consequences for. I don't see how what stock exchange something is listed on has much effect on any of those.