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But they didn't, as evidenced by the bankruptcy. The whole, everything stupid a company does is "increasing shareholder value" meme is annoying. Not every dumb
by bawolff 2y ago
But they didn't, as evidenced by the bankruptcy.
The whole, everything stupid a company does is "increasing shareholder value" meme is annoying. Not every dumb action a company does can be explained that way.
- Supermancho 2y ago> But they didn't, as evidenced by the bankruptcy. When shareholder value is used as short term and long term interchangeably, both can be true. Short term value at the cost of long term value.
- mlinhares 2y agoYup, the buybacks were made to produce short term shareholder value, those who sold and took their bags won, those who stayed got screwed, classic private equity playbook.
- vkou 2y agoPlenty of dumb decisions burn through long-term value while generating negative-to-near-zero short-term value. They do sometimes (but not always) generate plenty of value for the people making those decisions.
- nothercastle 1y agoIt can just not for all shareholders. Some shareholders are more important than others