The city of Los Angeles has long been the global capital of film. Hollywood’s storytelling power is unmatched, and its movies have influenced cultures far and wide. But LA has a deeply diversified economy beyond Hollywood and most recently the city has rapidly emerged as a hub for technology companies. This rapid rise has a Expand
Month: July 2019
Short-Termism in Capitalism and A New Social Contract for Shareholders
“Modern capitalism is plagued by short-termism and myopia.” “Shareholders are king and everyone else gets left behind.” “The public markets hurt companies more than help them.” This is the popular narrative today and to some extent it is true. It is true that modern capitalism does present numerous challenges for public companies. Quarterly reporting cycles Expand