Re: short termism
to keep it short
1) this entire fund management structure is lame and yes this fees are annoying it a shame that competition has not really out much of a dent in the fees structure
2) these process tyrants, sorry, I have worked with a number of them, and they dont know jack, I may be committing blasphemy against the six sigma tribe, but in majority of the cases it does not do jack..I mean yes focus on reptitive processes automate them, reduce error rate, increase first pass yield and all that crap, BUT..it can not be at the expense of long term growth and sustainability. The usual mantra is that oh we will do this to free up funds to reinvest into innovation and growth..umm sorry not buying it.
I have been witness to excel gymnastics to get senior mgmt get their bonuses. A couple of years ago, massive cuts were made, and people were overloaded just about in time to hit ebidta numbers for bonus payout. pretty shameful.
It was also amusing to see mgmt teams at different banks racing to pay back to the govt so they can be bonus eligible :)