Famous quote by J. Irwin Miller

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Business chief executive officers and their boards succumb to the pressures of the financial markets and their fears of
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"Business chief executive officers and their boards succumb to the pressures of the financial markets and their fears of takeovers and pour out their energies to produce quarterly earnings - at the expense of building their companies for the long term"

- J. Irwin Miller

About this Quote

This quote by J. Irwin Miller is an objection of the current organization climate. He is recommending that CEOs and also their boards are also focused on short-term gains, such as quarterly incomes, as opposed to buying the long-term success of their firms. He indicates that this results from the pressures of the financial markets and also the fear of requisitions. Miller is suggesting that this temporary emphasis is harmful to the success of companies over time, as they are not investing in the future of their firms. He is promoting for a shift in focus from temporary gains to lasting investments in order to guarantee the success of services in the future.

About the Author

USA Flag This quote is written / told by J. Irwin Miller between May 26, 1909 and August 16, 2004. He/she was a famous Businessman from USA. The author also have 7 other quotes.

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