Vanan Murugesan
π€ SpeakerAppearances Over Time
Podcast Appearances
I know what you mean, meaning like,
You either have shareholders, that's one thing, and they demand, and it really is, look, they demand, it's a fiduciary responsibility.
That word means something for a reason, right?
It is about maximizing your profits, hard stock, right?
There is not a character test on that, right?
It is just maximizing profits.
An individual, I always say, you know, you can have a benevolent billionaire or a malevolent billionaire, or you could have a billionaire who's both malevolent
Some years and benevolent other years, right?
And relying on the whim of one means you're always gonna be defined by that one for better or for worse.
I mean, look at the Washington Post.
They're being defined by their individual owner.
I never thought the Washington Post would ever put itself in that situation, right?
It was like, most people can't tell you the name of who owns the New York Times.
That should be how the Washington Post works.
Even the Wall Street Journal, I think a lot of people don't fully understand
A lot of, you know, I'm guessing if you're in the business, you know who owns it.
But I bet you it isn't easily known, right?
Because the Murdochs are so afraid of the Wall Street Journal losing its prestige.
They kind of back off.
They back off.