this post was submitted on 13 Oct 2024
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They switched from being all about manufacturing to being all about shareholder values. And now here we are.
There seems to be a clear pattern of great companies being completely ruined by shareholders demanding short term growth no matter what like that.
If by "great" you mean "large", yes.
On the other hand, if we're talking about high quality companies, then by definition they would be run well enough not to fall into that trap.
The moment they become public there is going to be a pressure from the shareholders for constant growth.
Thinking that this only applies to large companies is survivor bias because the more a company becomes large and predominant on the market the more noticeable levels of enshitification it can get away with and still survive. Had Boeing been smaller it would have died from the self-sustained blow.