• sudo42@lemmy.world
    link
    fedilink
    English
    arrow-up
    5
    ·
    5 months ago

    So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits.

    It’s called “Wall Street”.

    • FiniteBanjo@lemmy.today
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      1
      ·
      5 months ago

      That’s true that shareholders and stock evaluation are main drivers for this phenomenon, but Private Companies aren’t necessarily more saintly than companies with Public Offerings.

      • sudo42@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        ·
        5 months ago

        True, but in my experience, selling stock publicly is the ticket to hell. No matter how much of your company you think you still own, you’re going to be driven to make higher profits every quarter, no matter the cost. If you don’t comply, they will replace you with someone who will.