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568 points rntn | 2 comments | | HN request time: 0s | source
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chasil ◴[] No.41881693[source]
There was also a fatality in the last workplace strike.

Deere seems to have bad relations with their employees, customers, and regulatory bodies.

The shareholders should remove the board of directors.

https://www.desmoinesregister.com/story/money/business/2021/...

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onlyrealcuzzo ◴[] No.41882429[source]
The shareholders don't care about any of that if they think the board did a decent job of propping up the stock price.

Firing a board is generally risky, and the shareholders probably haven't fired them because even though the board has, almost objectively, not been good - firing them is likely even worse for the stock short term, and there aren't a lot of long-term, active investors left in the world.

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fny ◴[] No.41885612[source]
The myth that shareholders largely care about short-term returns has been disproved empirically over the last 30 years. Every mammoth stock exploded due to assumptions about revenues far, far into the future (dotcom stocks, FATMANG stocks, crypto.) And this should come as no surprise: company valuations are the discounted value of future returns after all.

More often, companies shill bullshit, inestimable long-term growth (AI-bullshit for example) to pump price. Tesla is the poster-child of this strategy.

In contrast, short-term thinking/marketing is a sure fire way to annihilate a stock. Why would the next buyer pay a premium for a squeezed orange?

The dark reality is that most things we customers and employees complain about as “short-term thinking” are tremendously profitable over the long run.

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1. onlyrealcuzzo ◴[] No.41885698[source]
> company valuations are the discounted value of future returns after all.

Yes, future earnings are worth far less than current earnings - especially in a non-ZIRP world.

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2. anonylizard ◴[] No.41885961[source]
Stockholders don't even have that much influence. Because of all the index investing, board votes are often decided by say Vanguard/Blackrock, not mom and pop investors

It is only after stocks suffer severe shocks, does private equity spring into action, and discipline executives via the threat of acquisition & firings.

So its is actually executives that can be shortsighted, not an ultra-long-termist passive investment dominated US investor base.