defense industry
2 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jan 17, 2024 by Shyam Sankar · across every show →
Everything said about defense industry, oldest first
Jan 17, 2024 negative
1993 defense consolidation replaced venture innovation with dividends and stock buybacks
“The much more profound consequence of The Last Supper is it began a deep financialization of defense. It became about dividends and buybacks and leverage ratios. It, you know, it became about M&A. New venture formation was about spin-outs and mergers, not abou…”