Beware of Short-term Management, Not the Short-term Investor
Harvard Business Review
DECEMBER 1, 2011
This blog post is part of the HBR Online Forum The CEO's Role in Fixing the System. A low stock price can make the firm vulnerable to a hostile takeover, for example. It might even be at the root of national competitiveness (or lack of it), and the economy's (in)ability to develop projects with longer gestation periods.
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