3 ms·
Yes, let's treat the sacred shareholder as a needy spoiled child. So, make "as much money as possible" while building a solid and sustainable business long-ter
by papito 4y ago
Yes, let's treat the sacred shareholder as a needy spoiled child.
So, make "as much money as possible" while building a solid and sustainable business long-term, or make as much money as possible within a quarter or two and then walk away from ruins with a fat bonus for a handful of people? Because we have seen this before, and it ends with gutted, non-competitive husks of companies - GE, Boeing, to name a couple.
This idea that the shareholders need to get 10x returns even if it means a destroyed business has gone out of control. Pure capitalism is bad enough, but mix insatiable instant gratification, and it's completely destructive.