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I have started two companies. I'm not suggesting that the value of the company isn't important, but I've seen many times where the quality of the product drops
by pedalpete 15y ago
I have started two companies. I'm not suggesting that the value of the company isn't important, but I've seen many times where the quality of the product drops due to a focus on shareholder value, resulting in a drop in that very value they were trying to protect.
- philwelch 15y agoThere's definitely a cognitive indirectness here, in the same way that it's in one's long term self interest to act unselfishly, but it's rather incoherent to say that it's wrong to focus on shareholder value because it damages shareholder value. If you want to maximize shareholder value and you're smart enough to realize that focusing on product quality is the way to do that, you'll focus on product quality.