Very thoughtful post, thanks for sharing. One observation: If, as Matt describes, an executive at a major music label realized the emerging trends of the indus

Very thoughtful post, thanks for sharing. One observation: If, as Matt describes, an executive at a major music label realized the emerging trends of the industry but chose the path that would maximize his stock options over the next 2-3 years at the long-run expense of the stockholders, this would be illegal, and not constitute the "no-brainer" decision that Matt describes. Executives have a fiduciary duty to stockholders to place long-run stockholder interest above their own. In fact, if this was found to be the case, he would most likely lose these options as well as suffer other legal ramifications. (disclaimer: not a lawyer, I just read blogs about lawyers :) You can argue that executives rarely do this, but nonetheless the legal obligation exists. I would like to think that those executives who take the attitude of "i just want to get my money and run, who cares about the long-term state of the corporation" is the minority, rather than the majority.