Civilization does not collapse from the edges, but rot from the center — in our case when middle management silences vision, and shareholders trade legacy for dividends.
Shareholders aren't the center of civilization. Pretty much everyone is a shareholder now, at least indirectly through some sort of retirement plan or pension fund. We all benefit when profitable companies return some of that profit to shareholders in the form of dividends or share buybacks.
nradov|6 months ago