3 ms·
It's sort of true. Like "no one got fired for buying IBM", no CEO gets fired for "raising share value". It's hard to argue that moves that raise the revenue and
by sophacles 3y ago
It's sort of true. Like "no one got fired for buying IBM", no CEO gets fired for "raising share value". It's hard to argue that moves that raise the revenue and share price for a company are not in the best interest of the company and/or shareholders. Particularly when it's in a way that trades potential future value for realized value right now... the costs only get revealed in hindsight long after accountability for the CEO is possible.