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Push for quick profits ‘destroying value,’ executives warn Add to ...

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A group of international executives fed up with companies’ push for quick profits at the expense of more significant gains years down the road is throwing its weight behind a new organization that will study and try to correct the issue.

What began as a research project backed by the Canada Pension Plan Investment Board and McKinsey & Co. to measure behaviours of investors and businesses in 2013, is now a not-for-profit operation with international members that is focused on research and advocacy. FCLT Global, which takes its name from the “Focusing Capital on the Long Term” research project, wants to extend the thinking among business leaders and investors decades into the future.

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