Once upon a time, companies had 5 and 10 year plans. Now things change so fast, it is like a hangover but without the drinking. Death by waves of incessant change.
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AlDunlap - Yes, Chainsaw Al was a prime example of this stupidity, but he was actually a flat out fraud and a criminal. While there was always greed at the C-level, today's environment actually forces them to behave this way. Amazon is a prime example. For years traders and fund managers wanted Jeff Bezos head on a platter, as he was "wasting shareholder money" on investing in the company. While I wouldn't say that Bezos is the working mans best friend, he at least had the sense to know what was best long term for his company. Look at what what IBM did with the 360 Project. Do you think any major company would try such a thing today? The entire executive suite and BOD would be fired within a year if they tried.
@zbm+15T6zYTu umm....read some history...CEO and BoD behavior you're stating was happening waaaaay before the internet and online trading....
Unfortunately the internet ruined companies with online trading. Now people can't even look past days, let alone quarters, or years in to the future. Everyone wants instant gratification and 400% increases in their stocks in a month. CEOs and BODs have become obsessed with daily stock prices and will do anything to keep them moving upwards, even if it means destroying the company's future.