Mais uma evidência de que os políticos não são nem mais nem menos do que o povo que pastoreiam. Os políticos são uma emanação do povo. BTW, como disse Joaquim Aguiar esta semana, as pessoas se estivessem no lugar dos ministros do PS faziam o mesmo. Por isso, não se escandalizam.
No FT de ontem li "Chief executives really need to lengthen their attention spans":
"Chief executives like to think they aim high. "Go big or go home" and similar slogans gained currency late in the last century and still capture the imagination today.
Yet many US corporate chiefs have actually prioritised the opposite approach for much of that time: they put more emphasis on hitting near-term earnings targets at the expense of spending on long-term success.
That is almost certainly a mistake. Studies by McKinsey, the CFA Institute and others consistently show that companies that invest less in long-term growth relative to their peers end up underperforming over the medium or long haul. The bonus is largest for companies that continue to invest during difficult periods.
...
Last year, investment time horizons for the world's biggest public companies fell to five years, the shortest since the thinktank FCLT began crunching data in 2009 on what companies do with their earnings.
At the same time, investor time horizons rose slightly to 5.45 years. For the first time since at least the financial crisis, chief executives had shorter attention spans than the shareholders they work for.
...
Instead, corporate time horizons have dropped 25 per cent in a decade, and top executives aren't sticking around to see the results of their choices. Chief executive tenure in the S&P 500 has dropped 20 per cent since 2013, to 4.8 years.
...
Even worse, half of them said they were meeting near-term earnings targets by cutting areas that they considered long-term priorities. "CFOs have to balance protecting value, optimising earnings and long-term growth. When you have uncertain economic conditions they revert to short-term," says EY partner Myles Corson.
Too many corporate pay plans still emphasise current earnings and share prices, say governance experts, and some boards have further weakened the ties to long-term growth by tying pay to fluffy qualitative measures."
Recordo uma conversa onde se discutia quem geria melhor, os gestores do estado ou os gestores das empresas particulares. Num mercado saudável, sem cronyismo, os gestores das empresas particulares são rapidamente punidos, a menos que aleguem Halzheimer, mas os do estado ... essa é a diferença: punição versus mais impostos.
Sem comentários:
Enviar um comentário