andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2012-01-10 11:00 am

Re:

[identity profile] anton-p-nym.livejournal.com 2012-01-10 03:44 pm (UTC)(link)
Hence my title, "Why I'll never be a CEO." I'd say those things, but no CEO ever will because the "torches and pitchforks" gag would probably come true if they did.

-- Steve never understood how tying a company's interests to those of people who never gave them a red cent ever made sense to anybody.

Re:

[identity profile] drainboy.livejournal.com 2012-01-10 05:29 pm (UTC)(link)
If you buy a new car with a three year warranty and then sell it, the new buyers get the deal that their car is maintained for those three years even though they personally didn't give the car manufacturer a penny.

I agree that companies should not base future plans on short term, quick-buck, trader sentiment, but plenty of long term investors buy and hold shares for years despite not being part of an IPO. They still own that piece of the company even if they didn't buy it immediately. The interest of share holders shouldn't be more or less served because of when they bought the shares.