> There is no objectively best profit maximizing strategy for a company to pursue.
There's always pressure to cut costs and cutting costs is always rough. CEO compensation is usually tied to share price. So they work to maximize the share price. I wish there were more companies with a "mission" beyond $$$ but it is hard to do. You have to stay private, I suppose.
Do you have any data at all to back your claims about how CEOs are chosen?
> There is no objectively best profit maximizing strategy for a company to pursue. There's always pressure to cut costs and cutting costs is always rough. CEO compensation is usually tied to share price. So they work to maximize the share price. I wish there were more companies with a "mission" beyond $$$ but it is hard to do. You have to stay private, I suppose.
Do you have any data at all to back your claims about how CEOs are chosen?