I sometimes wonder how much the share price affects management's opinion of its own performance. If valuation is viewed as a report card of sorts, then manageme

I sometimes wonder how much the share price affects management's opinion of its own performance. If valuation is viewed as a report card of sorts, then management is likely to seek financing and damage control when shares are cheap. Doubt of that nature could have a negative effect on their ability to perform. Not to mention that share price likely plays a role in their personal wealth.