WI: Sears Survives

Back in the early 1990s, perhaps earlier - I don't remember. there were a series of editorials in the Wall Street Journal complaining about the board of directors being asleep at the wheel. To many companies were run by CEO who were acting without oversight or review, or any coherent policy handed down, other than "bring us large payments".
One of the good things that Trump has been talking about doing is moving away from mandatory quarterly reporting to bi-annual reporting which would help broaden horizons at least a little. There's also the concept of 'shareholder value' as it's understood and practiced nowadays that would ideally be avoided, even 'Neutron Jack' Welch has spoken out against it as "... the dumbest idea in the world".
 
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