"Yet, Johnson & Johnson has delivered considerably more return to shareholders than IBM has managed over the same time period." good lord, treating IBM and JNJ

"Yet, Johnson & Johnson has delivered considerably more return to shareholders than IBM has managed over the same time period." good lord, treating IBM and JNJ the same? not to mention assuming companies in their various stages should have comparable growth. you always see these days a new tech company come out 'we are different (like everyone else), we do not care about our stock price blablabla. it doesnt take them very long before they realize that their stock price is critical to their survival. as almost every tech found out after spitting such garbage, when their stock plummets their talent leaves. they would also find it hard acquiring talent. This is especially true when stock options are a significant incentive - as it almost always is. this is not to mention the many various social effects of a company whose stock is always in the gutter. you lose customers, become the butt of jokes, etc etc (even though these things have no direct tie to stock price).