[superquest]

> This is remarkable because it's hard to imagine most American companies, which are always looking to squeeze out a little more profit to juice the quarterly report

HEB is privately owned and run by the owners. Those are very different incentives than public or VC-backed ventures.

[_bxg1]

Yeah, it's amazing how much of a difference that often makes. Being guided by people instead of a number.

[vikramkr]

You're still guided by a number. But you've got a different cost of capital, risk profile, and time horizon, as well as room for more stuff in your utility curve. So you will behave differently.