> Activist investors and private equity are a counter to this. If it's really true that companies are ineptly run that all it takes is for someone who cares to turn it around, it should be easy to make a bunch of money by buying a company, exercising the tiniest of shareholder pressure over management, and then selling it after the company's turned around.
That's literally what happened at my last company. Actually they didn't even have to turn it around. They just destroyed employee morale with layoffs and got Oracle to buy the place, and they've gutted the company further.
Which isn't good when you consider that it's EMR software, but, hey. It's been a profitable gutting, meaning that it's good for everyone from shareholders to doctors to patients.
That's literally what happened at my last company. Actually they didn't even have to turn it around. They just destroyed employee morale with layoffs and got Oracle to buy the place, and they've gutted the company further.
Which isn't good when you consider that it's EMR software, but, hey. It's been a profitable gutting, meaning that it's good for everyone from shareholders to doctors to patients.