Comments by "" (@ronjon7942) on "Bloomberg Originals"
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The criticism leveled at the short term corporate focus is not untrue, but it’s not only the executives who are at fault. It seems like that’s how the entire structure is built, with relatively short, short term gains having such a disproportionate incentive over longer term (and riskier) promises of return.
I don’t know a thing about why this Intel CEO made the decision he did, but it’s not outside the realm of possibility he acted upon the information he had at the time. And if I were to be rewarded, both at the corporate level and the personal, with a large stash of cash in a so-called short term, I’d have done the same thing…who wouldn’t??
Also, what’s considered a safer, short term perspective might not have seemed ‘short’ at the time…at least not from our hindsight view now. Maybe he did fk up, but this seems like a common theme amongst all kinds of American industries and companies. To me, this points more to a major flaw in the regulation of our capitalist market system. I just have no idea what the solution could be, much less even know exactly what the flaw is.
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@deemey95 Not untrue, but it’s not only the executives who are at fault. It seems like that’s how the entire structure is built, with relatively short, short term gains having such a disproportionate incentive over longer term (and riskier) promises of return.
I don’t know a thing about why this Intel CEO made the decision he did, but it’s not outside the realm of possibility he acted upon the information he had at the time. And if I were to be rewarded, both at the corporate level and the personal, with a large stash of cash in a so-called short term, I’d have done the same thing…who wouldn’t??
Also, what’s considered a safer, short term perspective might not have seemed ‘short’ at the time…at least not from our hindsight view now. Maybe he did fk up, but this seems like a common theme amongst all kinds of American industries and companies. To me, this points more to a major flaw in the regulation of our capitalist market system. I just have no idea what the solution could be, much less even know exactly what the flaw is.
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