Shortcomings of a public listed company

It is a common refrain these days that decisions by senior management of a listed company are more driven by short term / quarterly targets and perceived targets set by bigger investors, even if these go against what is beneficial for the company and its stakeholders in the the longer term. In an article appearing in the Harvard Business Review magazine, author Roger Martin dissects the reasons for these tendencies and also goes a step further in suggesting that companies are perhaps better off being managed privately by representatives of long term investors (pension funds and knowledge workers i.e. employees).

Given below is a link to this article.

https://hbr.org/2021/01/its-time-to-replace-the-public-corporation