“How is it not possible for the leaders of such giant, public, dispersed-ownership conglomerate companies to take a such a bold step as well to focus on creating long-term value for shareholders and institutional investors? Many investors do not invest in companies for the short term: institutional investors, mutual funds, index funds, and many shareholders, buy and hold patiently for dividends and capital appreciation for the long term. Why, then, do corporate leaders insist that they are unable to invest for the long term due to financial market and analyst pressures? These are interesting research questions that could generate interesting empirical studies.”