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In one sense it’s sort of a moot point, as companies that hire this type of executive will in the long term be driven out of business by those who don’t. But I
by marvin 6y ago
In one sense it’s sort of a moot point, as companies that hire this type of executive will in the long term be driven out of business by those who don’t.
But I don’t think you can properly incentivize people to avoid this class of mistake (short-term thinking) unless top leadership are themselves long-term owners.
Long-term owners would be very interested in avoiding this mistake, though. But it does present a bit of a tax on e.g. public companies with fragmented ownership.