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From my perspective, any company that goes public will eventually turn to crap (or go through decades-long crap/good cycles). It's not MBAs that drive for growt
by ythn 8y ago
From my perspective, any company that goes public will eventually turn to crap (or go through decades-long crap/good cycles). It's not MBAs that drive for growth at all costs - I would argue it's shareholders. Shareholders are greedy and don't care about anything else besides ROI. Even if that means throwing the consumers under the bus in the long run to achieve that.
- ng12 8y agoYeah but who do you think is pushing the company to bow to the shareholder pressure?
- rm_-rf_slash 8y agoIt could very well be the engineers looking to make a lot of money with their stock options after all their hard work.
- jwsec 8y agoIT doesn't appear that FB values user privacy, this is not a surprise.
- kolbe 8y agoThe legal system? Shareholders can vote to replace board members.
- envy2 8y agoNot really at a controlled company like Facebook.
- lordgrenville 8y agoA company has a fiduciary duty to the shareholders, who bought the stock on the assumption that the company will be run in their best interests. If they do't do that they are open to shareholder lawsuits. (This is the way that activist investors often work.)
- tjoff 8y agoA company does not have an obligation to be short sighted. This is also something the company can communicate to any investors. Is it really common for lawsuits against normal sized companies? (I'm not talking intel, facebook etc.)
- zeusk 8y agoActivist investors fight for power in board rooms, not in court rooms.