Yes, Short-Termism Really Is a Problem
Harvard Business Review
OCTOBER 9, 2015
And 2015 is looking even better, with R&D investment at the highest level (as a percentage of GDP) in the history of America. For many, buybacks are an explicit, ongoing part of their EPS growth formula (for example, 5% from organic growth, plus 3% from acquisitions, plus 2% from stock buybacks equals the desired double-digit EPS number).
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