alt Hacker News> Focusing strictly on shareholders (value) has been en vogue since the 1970s
It's been in vogue, in circles, since the 17th century. We're not talking about for-profit structures here.
> Focusing strictly on shareholders (value) has been en vogue since the 1970s
It's been in vogue, in circles, since the 17th century. We're not talking about for-profit structures here.
One needs to ask which "shareholder" are we talking about? The pension fund that wants steady cash flow for decades? The retirement-saver, who wants to grow a big bucket for retirement? The already-retired, who wants less growth and more wealth preservation? The hedge fund who wants a couple of quarters good numbers to raise their take of the 2-and-20? The options or day trader?
"Investor heterogeneity" is a thing.
There is no Platonic "shareholder" with one set of needs.