Anthony Scilipoti
๐ค SpeakerAppearances Over Time
Podcast Appearances
I pay them in cash.
I have a lower EBITDA.
I have a lower EPS.
Your stock trades higher than mine.
Stock price goes down.
All of a sudden, all your employees leave.
and they want to come work for me.
And all my guys are pretty happy.
They don't care.
So you should include it as an expense.
Taking this one step further and why I brought up reality and accounting is that as an employee at any level, even the CEO and CFO, sure, the things they say, the things they do will affect market's perception of the company, perhaps in the near term, perhaps in the medium term.
But in the longer term, in the fullness of time, the results will prove what's going to happen.
But the management and the guy on the shop floor, even the sales manager, may have no impact on what actually happens in the stock price.
Yesterday, Powell cuts rates, so that moves the company's price.
All of a sudden, as an employee, I'm better off or worse off, but I had no effect on that.
I had nothing to do with that.
A new peer enters our business as a new competitor.
I had no effect on that.
All of a sudden, GDP slows down.
My business isn't even affected because the GDP is tied more to consumption problems.