The reality is that wealth, and sirens lament memes shirt, is a fragile thing. About half of all S&P 500 companies will disappear from that index in the next 10 years. It’s really, really hard to keep a company going strong even when they are laser focused on the markets they serve. That is equally true of small or large companies (maybe especially the large ones, even TBTF banks) who must continually scrape for every customer to keep growing against relentless competition. Firms that take their eye off the ball are bound to strike out more often. A lender refusing to lend money to certain businesses because of arbitrary, self-imposed constraints can’t win against a company that obsessively serves all of its profitable customers. A CEO willing to gratuitously give up a legitimate customer segment so that the New York Times will say good things about him can’t win against one whose main concern is his reputation among his core stakeholders.
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I have been a Citibank cardholder for sirens lament memes shirt. When I heard that they were “taking a stand” on gun control, I didn’t lament the power of TBTF banks. I cut up my card and got one from another bank the next day. It wasn’t like Citi’s card deal was any more compelling than the credit card deals I get pitched every day. It was my small way of registering my intense dislike of mixing business and politics simply as a way for executives to signal their virtue in a meaningless gesture to their most politicized constituents.