Michael Long
Jan 28, 2024

--

The "best interests of the shareholders" is a relative concept. You could make the most money by liquidating everything today... but at the minor cost of completely destroying the company and any chance for any future earnings.

Or one might could start planning for a future in which fossil fuel is greatly diminished and corporate incomes need to be derived from other sources.

You know, giving just a little more thought to the future than net quarters earnings report.

Should read the classic Marketing Myopia article by Levitt, where he made the case that railroads got their lunch eaten by airlines, primarily because railroads thought they were in the "trains" business, not the transportation business.

--

--

Michael Long
Michael Long

Written by Michael Long

I write about Apple, Swift, and SwiftUI in particular, and technology in general. I'm also a Lead iOS Engineer at InRhythm, a modern digital consulting firm.

No responses yet