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> Blaming the CEO for doing the job they were hired to do seems short-sighted I find that to be ironic. One of the problems with a CEO is that they'll maximize
by bachmeier 4y ago
> Blaming the CEO for doing the job they were hired to do seems short-sighted
I find that to be ironic. One of the problems with a CEO is that they'll maximize short-run profit rather than do what's in the best interest of the shareholders.
- bsg75 4y agoThat is because shareholders are focused on current / next quarter gains, and will blame management if short term expectations are not met. Then when long term goals fail, shareholders will blame management when long term expectations are not met. Shareholders are not strategic, with the possible exception of a few rarities.
- papito 4y agoIt's as if the shareholders are of one mind and there are absolutely no investors out there in it in for the long-term. If they want to get rich quick, they are free to try the OTC market with high risks and high rewards, or Vegas.