Authordhmidanek

Short-Term Focus is Chronic and Dangerous

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What is the goal of the public company’s board of directors? To maximize shareholder value, you suggest? I believe that is not only not correct, but it is one of the reasons companies end up in the hungry hands of the restructuring community. While it can seem heretical to argue that it is not in shareholders’ best interest to run the company that way, the impact of short-term focus is clearly...