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This seems a pointless conversation. You're describing a stereotype in your head. That's fine, but it's not very useful outside of your head. Do you think comp
by robertlagrant 3y ago
This seems a pointless conversation. You're describing a stereotype in your head. That's fine, but it's not very useful outside of your head.
Do you think companies are all firing people all the time and being destroyed in 2, say, years in real life? How have companies lasted more than 2 years? Or do you think no company is more than 2 years old?
- yareal 3y agoMedian tenure of large cap companies is like 5 years. Those CEOs are financially incentivized to raise stock value. It's not hard to imagine that many, many executives are motivated to maximize profits even if it hurts the company in the long run. That's not even a matter of opinion. Of course half the CEOs are above the median, which means some do seem to care enough to invest for long term value. In fact, short term gains is basically the reason private equity firms exist - extracting what value can be extracted from a company and then letting it die.