Remove Intangible Assets Remove Loyalty Remove Porter Remove Quality
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The Answer to Short-Termism Isn’t Asking Investors to Be Patient

Harvard Business Review

Toyota has a class of shares that gives investors “loyalty dividends” if they hold onto them for five years. An informed shareholder, who looks beyond earnings numbers and analyzes the company’s intangible assets, would notice that the firm has mortgaged its future. Other proposals go further.