alt Hacker NewsI think neither CEOs nor boards of the public companies care. They want to maximize their paychecks and bonuses in the short term before they leave to other companies.
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Point well taken. Same issue as with shareholders since it's not like companies really belong to a family anymore with a reputation on the line, like their name being in the company name.
I don't think the semiconductor business is so much like that - it's become more ingrained in them that you need to manage the business for long-term sustainability.
Except that in this case it's no longer 'collect money, move on to the next one'. It's 'collect money, become dynastically-rich, retire in 3 quarters from now'. After that, who cares.
It's worse, sometimes even governments fail due to overconfidence.
Brazil and the UK (well, technically Japan) caused 2 natural rubber price spikes that first led to the UK smuggling rubber tree seeds to be imported to Malaysia, where the UK took over global natural rubber production, marginalizing Brazil.
Then Japan conquered the Malaysia during WW2, at which point everyone started developing artificial rubber and natural rubber was reduced to a much smaller market.
> They want to maximize their paychecks and bonuses in the short term before they leave to other companies.
You could say that about pretty much any employee - and you'd be completely wrong. What makes you right in the case of CEOs and boards?
Like termites, moving on to the next tree. One day we'll figure out how to be rid of these parasites, then we'll have healthier trees.