Comment by panick21_
2 days ago
One of the issues with founders is that they get really into one specific idea and sink the company, rather then to switch strategy.
2 days ago
One of the issues with founders is that they get really into one specific idea and sink the company, rather then to switch strategy.
As opposed to shareholders, who ravenously seek to maximize short term profits and sink the company.
That's why there are no publicly-traded companies more than a decade or two old. Oh, wait...
The comment you replied to was just pointing out that, like how a founder-held company can get stuck pursuing the founder's obsession, a stock market held company can also single-mindedly pursue quarterly gains to the detriment of long-term health.
There are old companies in either model.
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