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