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The Founder of Panera Bread Explains the Economic Forces That Led to Trump
- flatfilefan 8y agoNice informative article but has only one sketchy paragraph on Trump. Almost as if the editors didn’t want to talk about it.
- sytelus 8y agoPanera had interesting CEO. Shaich partly blames activist hedge funds, many of which buy shares in companies with the aim of pushing their management to make decisions that drive their stock prices up within a few months. According to Shaich, this makes it more difficult to invest in long-term projects, and create sustainable jobs. Panera had its own encounters with activist investors. In 2007, the Shamrock Activist Value Fund bought a stake in the company, and, in 2015, Luxor Capital did the same thing. “I had activists twice—I almost lost this company,” Shaich told me.
- chrisbennet 8y agoI thought this was a neat idea (below). Imagine if investors had voting privileges but speculators didnt’t. ”Tech titans including Reid Hoffman and Marc Andreessen have financially backed the creation of a new investment framework called the Long-Term Stock Exchange, which would give shareholders greater influence over a company the longer they hold shares.”