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Joined 2 years ago
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Cake day: July 3rd, 2023

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  • I’m conflicted on this one because companies should be transparent, but the current quarterly requirements drive incredibly short sighted decisions aimed exclusively at pumping up the share price every 3 months.

    Publicly traded companies don’t plan more than like 3 years ahead because of this pressure.

    Dodge v Ford, eBay v Newmark, probably lots of other court decisions, all make share price the only thing that matters to a Board of Directors. Nothing about the workers. Nothing about the community. Nothing about the nation…

    Would this help? Not sure. But it would make the 3 month window less dominant.