Comment by Avicebron
16 hours ago
Not to be callous but even the 3-2-1 rule is pretty basic, the issue is that people don't apply it. But that's a hiring and strategy thing.
16 hours ago
Not to be callous but even the 3-2-1 rule is pretty basic, the issue is that people don't apply it. But that's a hiring and strategy thing.
[flagged]
>Quite often a senior leadership issue because backing stuff up results in $$$ spent, which makes shareholders unhappy.
This is true. The latter half of your comment is not. At best they have a duty to shareholders. But your assertion would mean every time a company posted a loss and the price went down the execs would be in legal trouble, which is nonsense.
Shareholder nuisance lawsuits can happen basically any time the stock goes down... or doesn't go up enough, and often companies will settle instead of the expensive fighting...
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What?! Publicly traded companies are not “legally bound to return growth in share price or dividends.”
There are plenty of companies who pay no dividends and have not returned growth in share price. They’re still operating and no one’s coming to throw the execs in jail.
On the off chance that there is such a law, please cite it.
Not a law perhaps, but an ingrained neoliberal philosophy that is pervasive in certain management cultures in the US definitely.
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