If shareholders didn't want it, then they wouldn't appoint (or keep in place) the top management that repeatedly and consistently makes those choices.
Look at the recent Microsoft layoffs. They purged the company of so much tech talent, and tanked morale for basically all the remaining workers. From any kind of long term perspective this is madness. Yet they were rewarded for it by the stock market.
Look at the recent Microsoft layoffs. They purged the company of so much tech talent, and tanked morale for basically all the remaining workers. From any kind of long term perspective this is madness. Yet they were rewarded for it by the stock market.