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by peterbell_nyc
1525 days ago
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If you are publicly traded and don't have leverage (e.g. different share classes with different voting rights for the founders) it's a straighforward call to make. Optimize for short term profits or be replaced by someone who will do. |
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No. Optimize for shareholder value.
Amazon shareholders, for instance, are happy to make little in way of profit because Amazon management has shown an ability to increase the value of the enterprise.
In general though, the market is legitimately skeptical of most managers which is not a bad thing.