> These companies failed because of long term financial visionaries. These are the worst because they are thinking about how the company can capture markets at all costs, diversify into all adjacent markets, etc.
Long term financial visionaries? No they’re simply plundering the business to reward shareholders and executives through buybacks and dividends. They rationalize this as “maximizing shareholder value” but it is destroying long term value, growth and innovation.
Don’t be naive. You missed the entire point of what I highlighted and looking for “dividends and buybacks” as your signal will lead you nowhere.
CEOs not focused on product vision who focus on “company growth” as a vague vision are what lead to Intel, GE, etc. There is no greedy raiding of the coffers like your caricature implies in this scenarios.
Cool, keep on pretending the only people that destroy companies are focused on financials.
My point is that visionaries can drive everything into the ground and people like you will ride the ship down with support not realizing the negligence at play.
I’m here saying, “fires are not the only thing that destroy homes, floods wreck way more” and you’re digging in with evidence of fires.
That article is looking at things focused on financials, but intel did not fuck up on underinvestment. They invested in cutting edge stuff like uv lithography that now others are reaping the benefits on.
Long term financial visionaries? No they’re simply plundering the business to reward shareholders and executives through buybacks and dividends. They rationalize this as “maximizing shareholder value” but it is destroying long term value, growth and innovation.