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As opposed to shareholders, who ravenously seek to maximize short term profits and sink the company.
by idiotsecant 11mo ago
As opposed to shareholders, who ravenously seek to maximize short term profits and sink the company.
- arcfour 11mo agoThat's why there are no publicly-traded companies more than a decade or two old. Oh, wait...
- delecti 11mo agoThe comment you replied to was just pointing out that, like how a founder-held company can get stuck pursuing the founder's obsession, a stock market held company can also single-mindedly pursue quarterly gains to the detriment of long-term health. There are old companies in either model.
- arcfour 11mo agoIt didn't say can. It stated it rather definitively, which I wanted to point out the absurdity of.