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Right. People do not seem to realize that the goal of any public company is not to create great products, but to make shareholders happy/rich. To the point tha
by zvr 2y ago
Right.
People do not seem to realize that the goal of any public company is not to create great products, but to make shareholders happy/rich. To the point that management can get into legal trouble if they make decisions with any other goal in mind.
- chiefalchemist 2y agoYes! This is why I myth-bust "The Innovators' Dilemma" every time I see it mentioned on social media (e.g., LinkedIn). Sure, they resisted innovation but that's a symptom. What drove them to do that was a horizon of 3 months and reporting to shareholders.