[JumpCrisscross]

> incentivizes mortgaging the long-term health of the company for short-term gains

Private company Boards can be more ruthless than public companies’. (Historically, this was the norm.) Much of tech’s myth of quarterly metrics and short-term planning in public companies comes from unfamiliarity, not fact.

The last years of public tech companies had zero discipline. Everything was long term. Right now, Apple’s investors are fine with decades-long secret plays while oil and gas companies have short-term investors. Managing your shareholder base is part of managing a large company, public or private, and as with so many thing comes down to the people involved more than any heuristic.