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I point my finger at modern financial markets. If you bought some stock, and were forced to keep it for atleast 5 years, the CEOs would have to behave a lot mo
by ajsnigrutin 5y ago
I point my finger at modern financial markets.
If you bought some stock, and were forced to keep it for atleast 5 years, the CEOs would have to behave a lot more carefully (=good for the company in the long term), than they currently do. With millisecond stock tradings, noone cares about long term future, because the stocks are sold and rebought and resold again and again many times by many trading houses and their financial products.
- lotsofpulp 5y agoExecutive equity compensation is deferred for a few years, usually at least 3 to 4 years. https://www.equilar.com/reports/3-equity-vesting-schedules.html https://www.equilar.com/reports/3-equity-vesting-schedules.h...
- mhh__ 5y agoAnd yet startups / tech companies are adored by at least some influential market players and they waste vast amounts of cash on "scaling". You do have a point to be considered I just don't think it's enough by itself.
- pikaynu 5y agoThe whole stock market is just a speculation game now. With no real value defined behind it's price. All software and strategy is defined on finding stock at a higher price due to any reason. If you can't find a reason, make one. Like CEO's buying more stocks to limit the supply of their stock and propping up the "value". It's all about the "sugar rush". Doesn't matter if the commodity is worth shit. The GameStop fiasco demonstrated that amply. It had no real viable plan, so it shouldn't have been worth a lot but you could artificially increase it's value.