The irony here is that a lot of research shows that finding a balance, even prioritizing stakeholders over shareholders will usually lead to overall higher profits, better PR, and in the end an even more profitable IP which ends up benefiting the shareholders more in the long term.
But why make more money in the future when they can make a lot of money now!
Sad reality to your last sentence is that it’s all about short-term returns these days. They don’t care about the bigger picture as long as they’re breaking records on their quarterly reports :/
The answer is to just stop investing in these CEOs. There's several C suite execs on my shit list where I just sell those company shares when I find out they've switched companies to one I have shares in.
No idea how these boards justify hiring some of these clowns. It has to be a form of nepotism or boys club. Fucking has to be.
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u/Tim_Hag Sep 20 '24
No because the company still answers to shareholders who will demand profits be maximized to a unreasonable degree.