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 [Corporate Responsibility](/categories/corporate-responsibility)

 # Response to WSJ’s “Short-Termism is Harming the US Economy”

 

##### By Daryl Brewster, CEO, CECP

 

 

 Jun 20, 2018 10:45 AM ET

  Campaign:  [CECP Insights Blog](/news/campaign/cecp-insights-blog)  ![](https://3blcdn.com/styles/carousel_2x/s3/2026-08/26633707808_b756594b4e_o_1786855012.jpg)

 

[As originally featured on CECP's Insights Blog](https://cecp.me/2M0bnED)

In “Short-Termism is Harming the US Economy,” Jamie Dimon and Warren Buffett argue that executives who target quarterly, short-term results often do so at the sacrifice of long-term strategy and results. This, in turn, harms the sustainable success of companies and the economy as a whole. We agree. As part of CECP’s [Strategic Investor Initiative](http://cecp.co/home/our-coalition/strategic-investor-initiative/), a coalition of long-term oriented companies and institutional investors, the call to action is clear: It is time for short-termism to end.

There is an alternative. Rather than race to attract fickle traders, executives should instead aim to woo “patient capital” by adopting long-termism. To do so, we encourage CEOs to set strategy and regularly communicate their long-term plans for sustainable value creation. Earlier this year, nine members of SII’s Board of Advisors, led by Vanguard Chairman Bill McNabb, sent an [open letter to CEOs of major companies.](http://cecp.co/cecp-investor-letter/) The letter poses seven questions every CEO should answer when presenting publicly-disclosed, investor-facing long-term plans related to three themes: growth, strategy and risk. Further to this, CECP has created a platform to operationalize the call from leading investors for long-term plans: the CEO Investor Forums. The events offer offers global CEOs and senior executives an opportunity to share a new kind of business plan with investors representing over $25 trillion in AUM, focusing on the long-term and material ESG (Environmental, Social and Governance) issues.

***Read more at <https://cecp.me/2M0bnED>.***



 

 

 

 

 

 

 

 [![LOGO](/sites/default/files/Clients/CECP_rgb_hz_grd_pos_cntrd.png)](/profiles/cecp-chief-executives-corporate-purpose)

 

 

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