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by idiotsecant 195 days ago
As opposed to shareholders, who ravenously seek to maximize short term profits and sink the company.
1 comments
arcfour 195 days ago
That's why there are no publicly-traded companies more than a decade or two old. Oh, wait...
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delecti 195 days ago
The comment you replied to was just pointing out that, like how a founder-held company can get stuck pursuing the founder's obsession, a stock market held company can also single-mindedly pursue quarterly gains to the detriment of long-term health.

There are old companies in either model.

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arcfour 195 days ago
It didn't say can. It stated it rather definitively, which I wanted to point out the absurdity of.
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