From: Eric Bormel
I want to comment on quarterly capitalism. We are in the age of information today. And within this shift, a noticeable trend has emerged where companies are foregoing long-term capex in return for a $0.01 improvement in Q3 EPS. This has dangerous implications for public companies, its shareholders and more important its stakeholders. I am of the opinion that we need to end the quarterly capitalism to the benefit of long-term shareholder and stakeholder value.