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...are you really arguing corporations aren't driven by quarterly and annual results? If I do something today, and the corporation benefits in 10 years, I don'
by nickelcitymario 4y ago
...are you really arguing corporations aren't driven by quarterly and annual results?
If I do something today, and the corporation benefits in 10 years, I don't get the credit for that. Whoever has my role in 10 years gets the credit.
I completely agree that corporations SHOULD think long-term. But I fail to see much evidence of that.
If you want to argue that Ray Kroc had a long-term vision, you'd probably be right. But I very much doubt today's management thinks that far out.
- WalterBright 4y ago> But I fail to see much evidence of that. Every large company on the stock exchange is evidence of that. > are you really arguing corporations aren't driven by quarterly and annual results? Have you ever seen companies beat their quarterly earnings estimates, and yet their stock drops? That's because the shareholders were suspicious that those results were short term, and the long term outlook didn't look so hot. Any shareholder that is suspicious that a corporation has sacrificed the long term for short term profits, is going to dump that stock. Wouldn't you?