Recently Panera founder and CEO Ron Shaich announced that he is stepping down at the end of the year.
Apparently Shaich is unhappy with Wall Street’s short term viewpoint and wants the ability to spend more time debating the Street’s on its obsession with short-term growth.
Short term-ism stops innovation and “makes us less competitive as an economy,” Shaich told Business Insider.
Meanwhile China is playing nothing but the long game. I believe that they are currently beating us.
We are selling them assets (property. buildings, Hollywood Studios – Legendary Entertainment, AMC Theaters, Carmike Cinemas) for short term gains. If we are not careful they will own aspects of our lives that we really should not have sold and probably long-term bottom dollars.
Whose approach makes more sense?
.