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I don't think this argument is in good faith. Generally, a CEO does need to focus on the fundamentals of a company. Answering to investors ultimately means answ
by jwozn 4y ago
I don't think this argument is in good faith. Generally, a CEO does need to focus on the fundamentals of a company. Answering to investors ultimately means answering to a group of individuals or who are more or less interested in the long-term outlook of a company. The stock price is a function of future cash flows (or is when the market is rational), and I find it hard to believe that people don't expect some sort of innovation/R&D investment to protect and maintain those cash flows.
- adolph 4y ago> Answering to investors ultimately means answering to a group of individuals or who are more or less interested in the long-term outlook of a company. Said no-one ever about public exchange investors. Why do you think Michael Dell had to take Dell private to restructure it? Jobs had more latitude since Apple was "90 days from bankrupcy" when he returned. Michael Dell has the won the battle for control of the computer company that he created, after shareholders backed his $24.8bn (£15.7bn) offer to take Dell private and revive the struggling business away from the incessant pressure of Wall Street. https://www.theguardian.com/technology/2013/sep/12/michael-dell-buys-back-pc-company-founded https://www.theguardian.com/technology/2013/sep/12/michael-d...