Harvard Business Review
MAY 6, 2016
To hear long-term investors tell it, company executives have embraced short-term thinking like never before. Two obvious pieces of evidence: The use of earnings for share buybacks that cost more than they’re worth, and dividend increases that divert cash from long-term investment.
Harvard Business Review
OCTOBER 13, 2015
This puts downward pressure on stock prices because with lower EPS growth, shareholder expectations of future growth drop, lowering EPS multiples and hence stock prices. So foreign operations need to contribute meaningfully over the long term to shareholders’ 20 times expectations.
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Harvard Business Review
APRIL 5, 2017
The McKinsey Global Institute, in conjunction with FCLT Global, recently released research stating that long-term-oriented companies perform better than those that focus on short-term results. Getting the measurement right is central to providing convincing evidence on the debate over short-termism.
Skip Prichard
AUGUST 25, 2019
Dust off that copy of Good to Great on your bookshelf and remember that not long ago Jim Collin’s very credibly lionized them. One of the things we preach in the book is for leaders to be more “long-term greedy.” All that corruption helped them hit quarterly EPS targets. Again, very costly in the long run.
Harvard Business Review
OCTOBER 9, 2015
With Hillary Clinton’s tax proposals to encourage longer-term investing , the debate over whether American business is too fixated on the short term has moved from the dimly lit offices of earnest policy wonks into the klieg lights of U.S. R&D spending falls into the long-term bucket. primary season.
Harvard Business Review
FEBRUARY 7, 2017
Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations. This has long seemed intuitively true to us. Who are these overachievers and how did we identify them?
Harvard Business Review
NOVEMBER 1, 2011
Nobody writes a paean to the search for 9 percent EPS growth. Our big, profitable companies have the resources to do everything they might consider a priority in the long run — invest in R&D, pay shareholders well, build new businesses and hire people, create a more sustainable enterprise.whatever.
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