Cancer Strikes the Business Model
I’ve never been a fan of the corporate quarterly profit. Wall Street and its demands, its requirement to forecast, its punishment for missing the number along with its fickle application of investment capital has enormously empowered the crooked executive.
I’ve never been a fan of the corporate quarterly profit. Wall Street and its demands, its requirement to forecast, its punishment for missing the number along with its fickle application of investment capital has enormously empowered the crooked executive. That philosophy encouraged an era of backdated options, cooked books and insider trading.
All of which benefits the Street and outrageously overcompensates top management for not paying attention to business. I can't think of a single aspect of growth for the sake of growth that benefits business. Prostrating themselves (ourselves) before the idol of growth, encourages
Strategically flawed mergers and acquisitions
Pay-day mania at investment banking and merger specialists
An unhealth…