Quote:
Originally Posted by KC911
GREED is good....remember that line?
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Greed is fine, it just has to be motivated with the right incentives.
For example, most publicly traded companies focus obsessively on next quarter's numbers. Their current actions are looking ahead a full year at most, and "strategic plans" rarely go past a couple of years. The culture in publicly traded companies is one of short-term results at all costs and the fallout in a couple of years is the next CEO's problem. The sad thing is it didn't used to be this way, but the rise of hedge funds and mutual funds (with their large ownership stakes) and LBO's created such a culture. Once upon a time, a publicly traded company could have a bad year or two and actually spend the time to enact a sustainable, long-term turnaround. The CEO's head also wasn't on the chopping block when a quarter didn't meet "expectations".