http://www.weforum.org/ 22.01.2004Can Financial Markets Learn to Love Long-Term Corporate Strategies?Analysts have long bemoaned the tendency of financial markets to focus on quarterly results at the expense of the longer term approach adopted in corporate strategies.1) Is this tendency a real problem or just a fashionable lament? 2) If yes, to what extent are current disclosure rules or the behaviour of investors and fund managers responsible?3) In that respect, what impact does the growing and liberal use of stock options have on the behaviour of business leaders?4) Would we see a change if owners took a greater lead than managers?John Costas, Chief Executive Officer and Chairman, UBS Investment Bank, United KingdomRobert Greifeld, President and Chief Executive Officer, NASDAQ Stock Market, USADenise L. Nappier, State Treasurer, State of Connecticut, USAImplications for the business communityJoe W. Forehand, Chairman and Chief Executive Officer, Accenture, USAChallengerBertrand Collomb, Chairman, Lafarge, FranceChaired byPhilippe Bourguignon, Co-Chief Executive Officer, World Economic Forum
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