alt Hacker NewsThis is very smart of these folks because for just three companies, they can't ruin the trust and impeccable reputation they have built over the years.
This decision alone is worth several trillion dollars.
Replies
IAmGraydon • today at 3:19 PM
Calling this “smart” is like calling the decision not to shoot yourself in the face at close range with a shotgun “smart.”
It’s incredibly dumb that it was ever even under consideration.
➕ show 1 reply
Allybag • today at 7:56 AM
Well, it might be a good decision but I think the possibility of Standard and Poor one day being worth trillions of dollars more than if they had included three companies a year or two earlier than when they inevitably join the index is absolutely zero.
➕ show 4 replies
It had nothing to do with smarts. They held a public comment about the changes and responded accordingly.