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> 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 val
by Supermancho 1y 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 1y 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 1y 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.