UNCgolf
Well-Known Member
I disagree with you strongly here.
I think a CEO’s primary responsibility is shareholder value.
The problem as I see it is stock based compensation.
I want the CEO of Disney focused on its value today while taking the steps to insure that value 25 years from now.
Iger only cares about the next 10-q and that leads to long term destruction of value for the shareholder.
The problem is that value 25 years from now is irrelevant to many (if not most) major shareholders. As long as value is maximized in the short term they couldn't care less if it guaranteed the company will be bankrupt in 15 years.