New York Times. 2015. From Wall Street to Washington and in the towers of academia, people are buzzing about what some say is the pernicious focus in corporate America on short-term profits.
To understand the debate, it helps to understand the various forces that contribute to the pressures on companies to focus on short-term financial results. Those pressures are not just a product of one bad actor. It turns out that nearly everyone in the investment world plays a role in creating the challenges companies face in setting their sights on the far horizon.