Fundamental issue is the expectation that all public companies must keep growing and show profits quarter after quarter, year after year. This is obviously unsustainable.
It is like a treadmill that keeps increasing speed. If you slow down, you are thrown out.
If consecutive quarterly results are not good, CEO is typically thrown out. This pressure forces management to make unnatural decisions that might help short-term, but will hurt long-term. What we are seeing with Google with all of these recent events/decisions is a result of this, IMO.
It is like a treadmill that keeps increasing speed. If you slow down, you are thrown out.
If consecutive quarterly results are not good, CEO is typically thrown out. This pressure forces management to make unnatural decisions that might help short-term, but will hurt long-term. What we are seeing with Google with all of these recent events/decisions is a result of this, IMO.