exit culture: Short-termism, he continued, is difficult to uproot because it is driven by greed, fear and the desire for instant gratification, according to The Guardian. But Gilbert was clear on why the early exit culture infecting today market should be resisted by focusing on quality, long-termism leads to better outcomes. So said Martin Gilbert a year ago in a blistering blogpost for Aberdeen Asset Management, the fund management firm where he is chief executive. Great stuff, and an accurate summary of why the cut-and-run approach to managing money damages prosperity. An offer at a 40% premium to last week share price will accelerate and de-risk the delivery of future value for all Sky shareholders, he says. But here comes Gilbert, wearing his other hat of deputy chairman of Sky, endorsing the idea that Rupert Murdoch 10.75-a-share bid for the company is somehow fair.
(news.financializer.com). As
reported in the news.
Tagged under exit culture, desire topics.