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When will corporations get scared? When the insurance dries up? New Zealand can't hold all the world's millionaires and billionaires. If there's a rush, then

When will corporations get scared? When the insurance dries up? New Zealand can't hold all the world's millionaires and billionaires. If there's a rush, then that money won't matter much.

consumer451 3y ago
> When will corporations get scared? In my personal experience, n=1, it appears that most publicly traded corporations are concerned with the future as far out as 4 financial quarters, maximum. Executive compensation is tied to stock price, so that is the depth of focus. I have only had one gig at a public company, and it put me off of at working at another. Any longer term planning was derailed by a VP coming into a meeting, spewing shortsighted nonsense, and running off to the next thing. edit: There are notable exceptions to this short term thinking, but those appear to be corps where a founder was still at the helm. ex: NVIDIA, Tesla.
Joeri 3y ago
They’re listening to economists that tell them the effects on GDP will be negligible, and in fact mitigation measures may be very profitable. That those economic predictions are based on assumptions with a high degree of hand waving doesn’t matter, they want to believe.
marcus0x62 3y ago
I don’t think corporations can get scared. The people running them can, but all talk of ESG and the like aside, those people aren’t incentivized to put long-term concerns over short-term profits.
justinclift 3y ago
Maybe when it's more profitable for them to do something constructive?
lijok 3y ago
Why would corporations get scared? Climate change is going to be such a cashcow, corporations can't wait for it to accelerate further
PM_me_your_math 3y ago
[dead]
bequanna 3y ago
What exactly do you believe is going to happen, worst case?
Sebguer 3y ago
They already are scared: https://www.theguardian.com/news/2022/sep/04/super-rich-prepper-bunkers-apocalypse-survival-richest-rushkoff https://www.theguardian.com/news/2022/sep/04/super-rich-prep...

When will corporations get scared? When the insurance dries up? New Zealand can't hold all the world's millionaires and billionaires. If there's a rush, then that money won't matter much.

consumer451 3y ago

> When will corporations get scared? In my personal experience, n=1, it appears that most publicly traded corporations are concerned with the future as far out as 4 financial quarters, maximum. Executive compensation is tied to stock price, so that is the depth of focus. I have only had one gig at a public company, and it put me off of at working at another. Any longer term planning was derailed by a VP coming into a meeting, spewing shortsighted nonsense, and running off to the next thing. edit: There are notable exceptions to this short term thinking, but those appear to be corps where a founder was still at the helm. ex: NVIDIA, Tesla.

Joeri 3y ago

They’re listening to economists that tell them the effects on GDP will be negligible, and in fact mitigation measures may be very profitable. That those economic predictions are based on assumptions with a high degree of hand waving doesn’t matter, they want to believe.

marcus0x62 3y ago

I don’t think corporations can get scared. The people running them can, but all talk of ESG and the like aside, those people aren’t incentivized to put long-term concerns over short-term profits.

justinclift 3y ago

Maybe when it's more profitable for them to do something constructive?

lijok 3y ago

Why would corporations get scared? Climate change is going to be such a cashcow, corporations can't wait for it to accelerate further

PM_me_your_math 3y ago

[dead]

bequanna 3y ago

What exactly do you believe is going to happen, worst case?

Sebguer 3y ago

They already are scared: https://www.theguardian.com/news/2022/sep/04/super-rich-prepper-bunkers-apocalypse-survival-richest-rushkoff https://www.theguardian.com/news/2022/sep/04/super-rich-prep...