He sure deserves his lumps over Valeant but let’s not play pretend. There are plenty of monsters on Wall Street who will gladly destroy great companies for short term profits.
Eric Ries has the right idea with the long term stock exchange.
Eric Ries has the right idea with the long term stock exchange.
Often the mechanism for destroying great companies is plundering one group of stakeholders to pay off equity and management. E.g. firing long-time employees, underfunding/changing pensions, over leveraging, or risky regulatory strategies that they won't be around to face the consequences for. I don't see how what stock exchange something is listed on has much effect on any of those.