I agree it’s stupid. It’s also wired in the incentives business and their management have, and the way the economic system works.
Investors typically give their money to companies they think could grow in the short/medium term, and get them good return on investment.
Managers performance reviews and bonuses depend in large part on the last period’s business results, not the results 15 years from now, because that’s what investors wants.
Having smart smart people in leadership who care about public health and longevity will not (be enough to) solve this. Even they are regularly pressured for short term results, and may loose their job/investors/customers if they don’t produce those results.
Improving regulations and incentives to account for longevity and public heath is necessary.
I agree it’s stupid. It’s also wired in the incentives business and their management have, and the way the economic system works.
Investors typically give their money to companies they think could grow in the short/medium term, and get them good return on investment. Managers performance reviews and bonuses depend in large part on the last period’s business results, not the results 15 years from now, because that’s what investors wants.
Having smart smart people in leadership who care about public health and longevity will not (be enough to) solve this. Even they are regularly pressured for short term results, and may loose their job/investors/customers if they don’t produce those results. Improving regulations and incentives to account for longevity and public heath is necessary.