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by MarkPNeyer 1363 days ago
Why do you care if you harm the company long term? It’s not like you are tied to it’s performance forever. When equity and labor markets are liquid, why wouldn’t you make decisions that help you now, and cause long term hurt something you have no long term stake in? If you don’t, your peers will.
2 comments

Corporations are meant to improve our lives sustainably. If all these people can do is extract short term value for themselves instead of providing long term value to the world, then there's no reason to allow this corrupt system to continue. It's pretty screwed up that executives can go around chasing infinite short term growth and awarding themselves golden parachutes so they can jump ship when the problems inevitably start to surface. How much destruction can they cause before society stops them?
Because as an executive officer of a company, I am supposed to have the shareholder's interests as my main priority.

I totally get your point, and I understand the "me first!" attitude that it comes from. But we can't have nice things if everyone does this.