And then one day the shareholders will wonder why they GE or Boeing or Sears.
Short-termism can be seen not only in corporate raider practices but embedded into “best practices” of management since the 80s. Sell anything for a short-term stock boost, bail before it implodes, the vacuum left behind us someone else’s problem. It’s wild that boardrooms, having this as fully visible, aren’t structured to have longer-term incentive pay packages. Pay them what they make now but have it wholly depend on variables outside of stock price. Do the right things and success often follow, it’s when “investors must be satisfied” becomes the management guidance that it all turns to shite.
Im honestly surprised they haven’t sold almost everything off yet. This guy is a vampire. He’s ruined multiple other entertainment companies before.
And then one day the shareholders will wonder why they GE or Boeing or Sears.
Short-termism can be seen not only in corporate raider practices but embedded into “best practices” of management since the 80s. Sell anything for a short-term stock boost, bail before it implodes, the vacuum left behind us someone else’s problem. It’s wild that boardrooms, having this as fully visible, aren’t structured to have longer-term incentive pay packages. Pay them what they make now but have it wholly depend on variables outside of stock price. Do the right things and success often follow, it’s when “investors must be satisfied” becomes the management guidance that it all turns to shite.