I feel like it’s a common script that most good companies eventually fall to short term focused management types who are happy to shred the company as long as they get their golden parachute.
Why does this seem to be the case? If you wanted to build a company that was more immune to this sort of thing how would you go about it? Examples and counter examples of these sorts of companies would be awesome to hear about.
It’s the way the system is set up to work. Nobody cares about the stock price of a public company in 10 years - rather, everyone cares about the next quarter results so they know whether they should sell or buy or whatever.
It’s the stock market that fuels this short term gain mentality. You don’t see this happen as much for private companies.