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It might be that there is a growing population of companies with strong incentive to move away from the model of the public corporation given that short-term gr
by rohern 14y ago
It might be that there is a growing population of companies with strong incentive to move away from the model of the public corporation given that short-term growth trumps all other concerns on Wall Street.
We have seen Michael Dell buying back Dell, companies like Facebook and Zynga getting nothing but grief for having publicly traded stock, Elon Musk making it very clear that SpaceX will stay private so that it will be capable of long-term planning, and now this silliness with Apple that does appear to be just market griping over what is clearly a very strong company looking to the future.
- mooreds 14y agoThis just a corollary of the fact that has led some to propose a financial transaction tax: that the stock markets, which used to be focused on providing capital to companies, are now focused on betting faster and with more borrowed money.