I have worked for companies in different countries.

I think the striking thing is how US companies tend to have no idea how to be wealthy. Record profits, so the ceos use all of their tricks to get rich quick? They are already rich! Don't fix what isn't broken. Not every company needs to expand into 10 new markets, or have 5% lay offs or double in revenue. Some of this is investor pressure, but often it's not. Some guy who made it to the top is bored, doesn't feel like he is obviously doing enough, so he keeps making decisions to justify his position.

This isn't to insight flames but the European companies I worked for knew how to be wealthy! The market took a down turn from COVID, they ate the cost to keep their people. Some flashy new vertical is trending. They decided it's not for them, they have a brand and customers that they should focus on while everyone else works out the kinks. The company decides, why go public at all, we are successful and don't need anyone else's influence over us.

People say "you cannot project beyond 1 quarter". This is true in terms of catastrophe or gambler success. But its not true, if you act in q1 like there will be a q2 or even 5 years from now or heaven forbid a second or third generation you make different moves. You value different things.