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Is this not a fundamental truth of shareholder value theory? No one should be surprised when a duck quacks.

• djbebs 6y ago
  No it isn't. Shareholders have no interest in owning a failing company, it is in their best interests for the company to be sucessful and profitable because they are the ones with skin in the game.
  • willis936 6y ago
    Oh so then shareholders do not care about quarterly dividends and constant growth forever? Publicly owned companies are all inherently sick.
    • astrange 6y ago
      Shareholders demonstratably don’t care about dividends since many large companies like Amazon/Uber don’t have any, aren’t even ever going to be profitable, but just have a really cool story. But theoretically shareholders don’t care about these things as long as the company will grow a lot in the next 30 years. There are some alternative stock markets set up to encourage this. And stockholders hardly exercise their powers. CEOs tend to not get fired.