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>If an action that hurts the stock short-term but will help int he long-term needs to be performed why would you as an investor enact it or even stay for the ride? Yes and this underpins what most consider the disgusting trait of being excessively greedy, not just executives, doctors specialties like dermatology, anything. The doctor who wants the ultra high paying medical specialty sometimes cares nothing about becoming rich. Fear. Fear of being crushed by all that student debt. Doing everything possible to avoid that. Planning to start a family, fear of homeless, etc. Fear of being unable to retire. Excess, irrational fear. Then, it passes, and now we have what seems in retrospect, simply a greedy bastard with now an excessive amount of money. Same with executives, the thought may not be "let me cheese short term gains as hard as possible" but "let me hedge against short term losses as much as possible". Aggression from sheer greed is human human thought modality. Predatory. Aggression when cornered, anxiety / fear response, arguably a more vicious and nasty aggression, is another very much different type of aggression because it is not predatory. The difference is predatory feels more voluntary and fear is about whether I should risk being super aggressive or not. In defense-of-self aggression, fear as already there plenty, so a person can do about any hyper aggressive evil thing in the name of defending from a perceived threat - such as lay off half the work force, destroy customer relationships, etc. In this way a good leader must have a steady hand and outlook with regards to fear. |