Executive Summary
While the rules of the capitalist road surely could do with some updates, almost all corporate decision makers whom we have dealt with are responsible, not reckless. This is particularly true when it comes to the question of how well public companies balance the precepts of long-term value with those of short-term performance. As a practical matter, at most organizations most of the time, the notion that these tenets are in opposition constitutes a false dichotomy.
Contrary to some claims in popular culture, boards…
