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by pjc50
2835 days ago
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"Being a publicly traded company — as DST has been since 1995 — does not lend itself well to the kind of community-oriented approach DST took under McDonnell, though. When you are a public company, your duty is to your shareholders, and most of those shareholders 1.) do not live in the community in which your business is based and 2.) wish to see consistent, ever-rising profits. Handing out subsidies to the coffee shop next door, or buying up distressed assets and selling them at cost are, in the eyes of sociopathic capitalists, unnecessary acts of philanthropy. It’s the type of thing that can draw the attention of corporate raiders and activist hedge funds, entities that buy up stock in a company and then use their power to demand the short-term maximization of profits. " |
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