Comment by carlosjobim
2 months ago
> We're dealing with a generation of CEOs / CFOs who were taught to care about nothing except short-term shareholder value.
We're dealing globally and in every industry with almost all shareholders being either retirement funds, elderly individuals, or other organizations controlled by elderly individuals. And the current generation of elderlies want to benefit as much as they possible can from any wealth being created. They haven't much time left to live and they prefer to not leave much of value behind.
I’m not sure how this applies to the conversation. The challenges being discussed here are centred around managing compliance and long-term sustainability within specific platform ecosystems. It’s about navigating policies, ensuring longevity, and minimising risk rather than short-term shareholder gains. The generational divide you’re mentioning doesn’t really seem relevant in this scenario.
Big companies have been owned by shareholders for hundreds of years. Most companies being plundered right now were created by selling shares to initial investors. These shareholders held a sense of responsibility towards customers, towards employees and towards their community, which made the companies long term successful.
Blaming shareholders has no relevance unless you look at what has changed about the shareholders. It's a new generation of elderly who never grew up and never learned to think long term.