>purpose is to return cash to shareholders in the near term.
I see this constantly repeated in anti-capitalist/anti-corporate rhetoric, but on the other side, shareholder meetings, finance conferences, financial service talks, no one ever wants this. Maybe the 20 year old stock bros on discord pumping penny stocks, but no serious shareholder of any company with a name you might recognize.
It happens, there are cases of it, but overwhelmingly the vibe is "long term stable profit generation".
If shareholders didn't want it, then they wouldn't appoint (or keep in place) the top management that repeatedly and consistently makes those choices.
Look at the recent Microsoft layoffs. They purged the company of so much tech talent, and tanked morale for basically all the remaining workers. From any kind of long term perspective this is madness. Yet they were rewarded for it by the stock market.
I see this constantly repeated in anti-capitalist/anti-corporate rhetoric, but on the other side, shareholder meetings, finance conferences, financial service talks, no one ever wants this. Maybe the 20 year old stock bros on discord pumping penny stocks, but no serious shareholder of any company with a name you might recognize.
It happens, there are cases of it, but overwhelmingly the vibe is "long term stable profit generation".