{"id":1416,"date":"2015-04-16T12:24:00","date_gmt":"2015-04-16T11:24:00","guid":{"rendered":"http:\/\/silta.es\/juantatay\/2015\/04\/16\/el-ceo-de-blackrock-se-queja-del-cortoplacismo\/"},"modified":"2015-04-16T12:24:00","modified_gmt":"2015-04-16T11:24:00","slug":"el-ceo-de-blackrock-se-queja-del-cortoplacismo","status":"publish","type":"post","link":"https:\/\/silta.es\/juantatay\/el-ceo-de-blackrock-se-queja-del-cortoplacismo\/","title":{"rendered":"El CEO de BlackRock se queja del cortoplacismo\u2026"},"content":{"rendered":"

\u201cWe believe that U.S. tax policy, as it stands, incentivizes short-term behavior\u00bb<\/span>
BlackRock\u2019s Chief, Laurence Fink, Urges Other C.E.O.s to Stop Being So Nice to Investors – NYTimes.com<\/a><\/p>\n

\u201cThe effects of the short-termist phenomenon are troubling both to those seeking to save for long-term goals such as retirement and for our broader economy\u201d<\/span>

<\/span>\u201cinnovation, skilled work forces or essential capital expenditures necessary to sustain long-term growth\u201d<\/span>

<\/span>\u00aba discouraging message about a company\u2019s ability to use its resources wisely and develop a coherent plan to create value over the long term\u201d<\/span>

<\/span>\u201cInvestors need to focus on long-term strategies and long-term outcomes,\u201d Mr. Fink said, suggesting we\u2019re currently living in a \u201cgambling society.\u201d<\/span>

<\/span>\u201cWe believe that U.S. tax policy, as it stands, incentivizes short-term behavior. Since when was one year considered a long-term investment? A more effective structure would be to grant long-term treatment only after three years, and then to decrease the tax rate for each year of ownership beyond that, potentially dropping to zero after 10 years.\u201d<\/span>

<\/span>\u00abIn short, tax reform that promotes long-term investment will benefit both the companies who rely on capital markets and the hundreds of millions of people saving for retirement.\u201d<\/span>

<\/span>To Mr. Fink, the shortsightedness that pervades corporate America is just a symptom of a larger issue. \u201cThis is not just a corporate problem,\u201d he said. \u201cIt\u2019s a societal problem, whether it\u2019s health care or politics or business.\u201d<\/span>

<\/span>Despite his protestations, Mr. Fink said, \u201cThere is nothing inherently wrong with returning capital to shareholders in a measured fashion.\u201d He added, \u201cNor are the demands of activists necessarily at odds with the interests of other shareholders.\u201d But it\u2019s when it is taken to extremes \u2014 such as it seems to be in the current marketplace \u2014 that has Mr. Fink concerned.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cWe believe that U.S. tax policy, as it stands, incentivizes short-term behavior\u00bbBlackRock\u2019s Chief, Laurence Fink, Urges Other C.E.O.s to Stop Being So Nice to Investors – NYTimes.com \u201cThe effects of the short-termist phenomenon are troubling both to those seeking to save for long-term goals such as retirement and for our broader economy\u201d\u201cinnovation, skilled work forces […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[28,32,29,30,37],"tags":[],"class_list":["post-1416","post","type-post","status-publish","format-standard","hentry","category-cosillas-empresariales","category-economia","category-gestion","category-sociologia","category-tendencias"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts\/1416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/comments?post=1416"}],"version-history":[{"count":0,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts\/1416\/revisions"}],"wp:attachment":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/media?parent=1416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/categories?post=1416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/tags?post=1416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}