Not IMM related, but this scratched at my chest...., page-2

Would you tell other CEOs to ignore those short-term pressures?

As a U.S. CEO, you cannot ignore responsibilities to shareholders. You can say, "I'm going to increase shareholder value over 15 years, so hang on with me -- it's going to be a little tight the next couple of years." But unless you have block ownership and can convince shareholders they're going to be richer in 15 years than if they sell the stock now, then someone will walk in with a successful offer to buy the company, because you're not performing. The only way to change this, if society wants to change it, is to see pension funds behave differently with their investments.