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I think you are missing the point of his statement. His discussion of making money for his shareholders is in his role as a CEO. The CEO of a company has a ve
by vaporstun 18y ago
I think you are missing the point of his statement. His discussion of making money for his shareholders is in his role as a CEO. The CEO of a company has a very different set of obligations and interests than an entrepreneur starting a business. When you are the chief executive officer of a publicly traded corporation, you have a specific duty to your shareholders to act on their behalf and to benefit their interests. That is the nature of the position. As an entrepreneur if you passionate about your business, then it will likely succeed and therefore benefit your investors. If you have little passion for your business, it will likely fail therefore significantly hurting your investors. So there is no contradiction.
Furthermore, your hyperbole about buying his businesses for $1 is ridiculous. It is obvious and implied that he intends to sell the business at a profit and not at a loss.
I do agree with you when you state that you'd rather sell your business when you decide you're "done" with it. That is great in a perfect world where you are not publicly traded and have no obligations to shareholders or investors, but the bottom line is that if you are elected by the board of directors to serve as the chief executive of your corporation, you have to act in their best interests, not yours.