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The real crisis is lack of high quality shareholders. Basing businesses on stakeholders rarely works as groupthink sets in quickly; the current shareholders are
by bitL 7y ago
The real crisis is lack of high quality shareholders. Basing businesses on stakeholders rarely works as groupthink sets in quickly; the current shareholders are however mostly either persons that inherited wealth with no real connection to business itself or pension funds that are unable to guarantee contractual monthly retirement benefits, pushing for short-term stock profits.