Interview with Dr. Alfred Rappaport, author of Saving Capitalism from Short-Termism.
Dr. Alfred Rappaport coined the term “shareholder value” and wrote the groundbreaking article, 10 Ways to Create Shareholder Value, which gave a memorable platform for his thesis that sacrificing future growth to meet quarterly earnings benchmarks is the road to corporate and investment ruin. Sure enough, a global financial crisis occurred — and Rappaport argues that the corporate and investment community cultures of short-termism are to blame.
Triggered by managerial incentives we are encouraged to deliver the short-term numbers instead of focusing on building greater long-term value. Join Zack Miller on Tradestreaming Radio as he interviews Al Rappaport on breaking out of short-term investing to build greater value.
