Although the seven values of the American Business Creed were widely accepted in the 1950s, two have eroded over time, driven largely by changes in business itself.
Another great piece Bob. I've thought for a long time short termism in corporate management is a problem. Not sure of best way to solve that, but one thought I've had is to extend the holding period to get the lowest tax rate for capital gains. Maybe only for significant holdings, to keep things simple for small shareholders. I'm also curious to see the impact of moving to semi annual reporting from quarterly.
Another great piece Bob. I've thought for a long time short termism in corporate management is a problem. Not sure of best way to solve that, but one thought I've had is to extend the holding period to get the lowest tax rate for capital gains. Maybe only for significant holdings, to keep things simple for small shareholders. I'm also curious to see the impact of moving to semi annual reporting from quarterly.