A frequent criticism of the management of publicly-owned American companies is that they are too short term oriented,

A frequent criticism of the management of publicly-owned American companies is that they are too short term oriented, too focused on fast returns, and that this negatively impacts their long term capital budgeting. Can you suggest a company, or industry, where this appears to be true. How? Why? Do the recent problems at Toyota suggest that the problem is spreading to other countries? How do we keep an emphasis on the “long term” from becoming an excuse for continued poor results is the “short term”?

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