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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Trebor who wrote (4824)5/3/1998 10:02:00 PM
From: Investor2  Read Replies (1) of 42834
 
Re: "Rather, the blame rests with the non-techy top execs who control the company's purse strings, want to sweep Y2K under the rug and even now don't want to part with the resources it will take to fix the problem."

Maybe at least some of the blame rests on the short-term orientation of stock holders. If they don't get instant doubling of their investment, they jump all over the company's top execs. Many of these shareholders don't care about the long-term welfare of the company at all. They just want instant gratification - one or two down quarters and the stock gets punished.

Best wishes,

I2
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