What else could shareholders want? Employees, management, founders, customers, vendors could all have other goals, wants or desire but when you have a large number of shareholders that is what they want always.
Shareholders - a large majority of them are institutional with their own shareholders they are accountable to, always want more money - that is a core principle of capitalism.
Occasionally we can tie other objectives to financial gains to get a behave in a specific way, say a green initiative will improve the brand perception therefore brand value - because now they can charge more/ justify current pricing etc.
It can at times align the other way too for risk minimization - a founder wants a large budget for something - like say Zuckerberg with Metaverse[3], or Musk with $1T pay [2] firing the founder is more expensive[1] so shareholders sign off.
Fundamentally it always boils down to profit/value maximization for the shareholders.
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[1] By no means unique, except for the scale of money spent on a vanity project.
[2] Firing is more expensive - Tesla trades at such crazy multiples those are arguably not viable without Musk. It is probably cheaper to give then $1T pay package or the similar $56b package from 2018 currently being disputed in court.
[3] Almost impossible in Meta's case. The board can fire the CEO in any company, but since Zuckerberg owns > 50% of the voting shares, he as the majority shareholder can also fire the board anytime and replace with a board who will sign off. It is not absolute power though, there are some protections for minority shareholders as Delaware court is showing with 2018 Musk package case.
What else could shareholders want? Employees, management, founders, customers, vendors could all have other goals, wants or desire but when you have a large number of shareholders that is what they want always.
Shareholders - a large majority of them are institutional with their own shareholders they are accountable to, always want more money - that is a core principle of capitalism.
Occasionally we can tie other objectives to financial gains to get a behave in a specific way, say a green initiative will improve the brand perception therefore brand value - because now they can charge more/ justify current pricing etc.
It can at times align the other way too for risk minimization - a founder wants a large budget for something - like say Zuckerberg with Metaverse[3], or Musk with $1T pay [2] firing the founder is more expensive[1] so shareholders sign off.
Fundamentally it always boils down to profit/value maximization for the shareholders.
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[1] By no means unique, except for the scale of money spent on a vanity project.
[2] Firing is more expensive - Tesla trades at such crazy multiples those are arguably not viable without Musk. It is probably cheaper to give then $1T pay package or the similar $56b package from 2018 currently being disputed in court.
[3] Almost impossible in Meta's case. The board can fire the CEO in any company, but since Zuckerberg owns > 50% of the voting shares, he as the majority shareholder can also fire the board anytime and replace with a board who will sign off. It is not absolute power though, there are some protections for minority shareholders as Delaware court is showing with 2018 Musk package case.