• brucethemoose@lemmy.world
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    4 months ago

    Not even this, it’s increase profits next quarter.

    Corporate behavior would be ridiculously different if they weren’t so short term.

    • Croquette@sh.itjust.works
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      4 months ago

      Corporate behaviour would be different if they were treated like the citizen they claim to be.

      The prison would be filled to the brim, and we could release people that were imprisoned for smoking pot or something to make place for people destroying the planet.

    • zerog_bandit@lemmy.world
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      4 months ago

      This is pretty ignorant actually. Companies pay millions to have CEOs that are invested in long term strategy. How you ask? With stock bonuses that will perform better if the company does well.

      • brucethemoose@lemmy.world
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        4 months ago

        Many do, but many seem to not. I didn’t mean to generalize them all, but I see way too many decisions that boost the next quarters or few quarters at the expense of long term health, and these decisions get rewarded with stock price bumps. Then the decision makers eject when its time to pay the price.

        I own or used to own some of these stocks, and it annoys me when they do. I want to hold these companies, not pump and dump them.

      • volodya_ilich@lemm.ee
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        4 months ago

        As a hypothetical investor, why would I invest my money in a company that promises profit in 10 years, when I could invest in profits for the next quarter, then take back my investment + profit, and invest somewhere else with profit next quarter?

        • AA5B@lemmy.world
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          4 months ago

          Tesla is a a great counter-example. Before Musks true colors came out, Tesla stock went on a wild ride long before the company made a profit, and is frequently priced way above anything justifiable by current income or profit. It’s all based on hope for a long term plan to change the world and eventually make huge profits, rather than short term goals.

          As a hypothetical investor, if you stayed away from companies like Tesla, you would miss some stocks with the highest returns

          • volodya_ilich@lemm.ee
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            4 months ago

            A stock-price bubble is the opposite of a good example in my opinion. Dumb techbros hyping a company to the point where it has a higher capitalization than literal Volkswagen group, because the stock price kept inflating. What percentage of the stock owners of Tesla 4 years ago are the same as nowadays? I’d bet it’s low

        • Summzashi@lemmy.one
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          4 months ago

          Are you actually this stupid or are you trolling? I just cannot imagine that someone could actually be this ignorant.