Shareholders
topic on 15 shows · 21 statements across 21 episodes
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21 statements about Shareholders, every show
Jacobs: Business Initiatives Are Meaningless Talk If They Do Not Enrich Shareholders
“All the things I'm doing of hiring people and putting in technology, all the things we've been talking about for the last couple hours, that all comes down to making money for shareholders. If you're not making money for shareholders, it's just jabber jabber. …”
Ries: 19th-century corporate charters were voided if companies only pursued shareholder wealth
“And in fact, in the 19th century, to convert a company from a mission of doing any specific thing to just, I'm just going to enrich my shareholders, would have been seen as a crime. And your corporate charter would be voided.”
Plouffe: AI companies will never voluntarily distribute wealth to public
“There's not a single shareholder or board who would support willingly giving money from these companies to the public. It would have to be mandated by law.”
Roll-up alpha requires multiple arbitrage and doubling profits within five years
“If I buy companies at significant lower multiples of profit than I trade at, So Monday morning at seven o'clock after we announced the acquisition, I've already created alpha for my shareholders. That's a nice way to start the week. Number two, if I then doubl…”
Ryan Cohen: Corporate Leaders Without Personal Financial Stakes Disregard Shareholders
“Ultimately, what you see is that when people don't have their own money on the line, they don't give a shit, and they're focused on all kinds of other stuff that ultimately doesn't matter to shareholders”
Lowenhar: Founder and VC incentives clash over common versus preferred shares
“Our incentives aren't fully aligned. Yours are to common shareholders. Mine are to preferred. Mine are to my LPs and my partners. You, yours are to yourself and to your customers”
Luxon: Voters are harder to deal with than corporate shareholders
“I think without doubt, the public. I mean, you're dealing with much more substantive issues about whether they're getting a dividend or return.”
Levine: Diluted all shareholders during cash crises to give staff 5x equity
“In many cases we had to engage the employees, right? No, we don't have cash. So what we did is that we diluted all shareholders in order to give employees way more equity, right? So five times more equity than they had before.”
Ian Blair: Venture-backed founders must provide shareholder liquidity by year ten
“When you raise capital, I mean, at a certain point, you have to return capital to shareholders. So You know, kind of around the 10 year mark, you know, they're looking for liquidity.”
Chamath: McDonald's is rewarded for prioritizing shareholders over customers
“They've been very motivated and rewarded as a company for just rewarding the shareholder and kind of screwing over the customer.”
Gurley: RSUs misalign management by preserving equity value during stock drops
“Here's where we get into questions of alignment with shareholders, because you could theoretically have a management team that leads a company, you know, over a year to a 20% decline and pick up 80% of the value of their equity award. Whereas shareholders are …”
Gurley: Tesla's 2018 compensation package had 70% shareholder approval
“They had 70% shareholder approval.”
Ramaswamy: Maximizing shareholder value requires avoiding external social agendas
“My general view is that companies should focus on making products and services for people who need them without apologizing for it. And yes, that's how you maximize profit for shareholders, by having a worthy mission and sticking to it. Without taking on socia…”
Demirors: Twitter can never improve its product because it serves shareholders
“Twitter can never improve its product. Because it's a public company with shareholders and Twitter doesn't serve as customers. It serves as shareholders.”
Shibata: Historically, shareholders ranked at the bottom of Japanese corporate stakeholders
“Shareholder is lowest ranked in Japan. I should say past tense, not current tense. Shareholder was the lowest ranked. Employee, client, So the total stakeholder, shareholder is the bottom. That has been a long time concept, or Japanese community.”
Rattner: A company's primary fiduciary duty is to responsibly serve its shareholders
“And I'm almost with Milton Friedman, who wrote that famous New York Times Magazine piece in 1970, which said that the job of a company is to go out and make money ethically, legally, responsibly, but ultimately to serve the shareholders.”
Levine: Securities fraud awkwardly treats shareholders as the victims of bad behavior
“The actual victims of the actual bad things are rarely shareholders, right? They're like the people being harassed or the citizens of the world who are suffering from climate change. And it's philosophically awkward to treat all of that as being about sharehol…”
Chen: Pure shareholder profit maximization is unfit for humans
“If underneath the mandate is, at the end of the day, make the most money for shareholders, it's a really, it's not really a good fit for humans, and I don't think it's, It portends very well for society if this is what we accept as the only way to do it.”
Hossain: Board members who refuse to consider exits should be fired
“Any board member that tells you they won't consider an exit is should be fired, right? Your job as a board member is to consider the value of the company. I'm representing every shareholder at this point, not just myself or the investors and employees. So you …”
Companies growing at 30% with 10% ROE will inevitably dilute shareholders
“Because the guy growing at 30% with a 10% return on equity, you just haven't figured out he's going to dilute you because he can't fund it, right?”
Perry Chen: Maximizing shareholder profit is a poor fit for human society
“But really, if underneath the mandate is, at the end of the day, make the most money for shareholders, it's a really, it's not really a good fit for humans. And I don't think it's, It portends very well for society if this is what we accept as the only way to …”