03 Nov '11, 12am

BSR 2011: Al Gore Says Short-Term Thinking Is 'Functionally Insane'

BSR 2011: Al Gore Says Short-Term Thinking Is 'Functionally Insane'

In survey several years ago, CEOs were asked whether they would make an investment that would meet their internal return-on-investment targets and make their business stronger, profitable and sustainable. One hitch: It would also make the company slightly miss its next quarterly earnings estimate. Eighty percent said no. That, according to former Vice President Al Gore, is "functionally insane." "It's not only insane where the values that we share are concerned, it's functionally insane where the well-being of that business is concerned," Gore said today. "It's the wrong decision for the investors, for the shareholders, and for all the stakeholders." It all boils down to short-termism, he said this morning in a keynote speech kicking off the annual BSR Conference in San Francisco. Short-term thinking not only runs counter to a healthy and sustainable marketplace, he said, ...

Full article: http://www.greenbiz.com/blog/2011/11/02/bsr-2011-al-gore-...

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