4 ms·
Well, yes. We have an economy run by a corpus of idiot shareholders who neither use the product nor are affected by the product, and are free to crash its valu
by dheera 5y ago
Well, yes.
We have an economy run by a corpus of idiot shareholders who neither use the product nor are affected by the product, and are free to crash its value at will, and will crash it when earnings doesn't "beat" expectations, so the company is forced to prioritize the entirely wrong things.
If a company wants to "accelerate the transition to clean energy", quarterly earnings is NOT the thing to be prioritizing. Earnings are important for business sustainability, but on much longer cycles than quarterly.