It Could Happen Here Weekly 150
Behind the Bastards
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The Cost of Short-Term Profits
This chapter explores the profound effects of corporate raiders and the shareholder value philosophy on American businesses, underscoring the shift towards short-term profits at the expense of long-term stability. It critiques the resultant practices, such as mass layoffs and neglect of R&D, revealing the detrimental impact of prioritizing immediate stock price movements in critical industries like aerospace.
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