Stake out
Interesting piece...
Shareholders v stakeholders: A new idolatry | The Economist
http://www.economist.com/business-finance/displaystory.cfm?story_id=15954434
They're basically talking about "who's the boss" -- shareholders, consumers, or managers/employees?
If the goal in capitalism is "return on capital," isn't the corollary question "how soon?"
Immediate return = corporate raiders, private equity, hedge funds, i-bankers, buy-break-sell
Medium term = enrich employees and communities
Long term = take care of customers (if you take care of customers, employees have jobs, shareholders get their money out over time, and long-term enterprise value is enhanced)
Seems to me the issue at stake (heh heh) here is the element of time dimension. As a society do we need immediate gratification? Are we hunters/gatherers (pick off the profits asap) or farmers who cultivate to maximize output over the long haul?
Shareholders v stakeholders: A new idolatry | The Economist
http://www.economist.com/business-finance/displaystory.cfm?story_id=15954434
They're basically talking about "who's the boss" -- shareholders, consumers, or managers/employees?
If the goal in capitalism is "return on capital," isn't the corollary question "how soon?"
Immediate return = corporate raiders, private equity, hedge funds, i-bankers, buy-break-sell
Medium term = enrich employees and communities
Long term = take care of customers (if you take care of customers, employees have jobs, shareholders get their money out over time, and long-term enterprise value is enhanced)
Seems to me the issue at stake (heh heh) here is the element of time dimension. As a society do we need immediate gratification? Are we hunters/gatherers (pick off the profits asap) or farmers who cultivate to maximize output over the long haul?