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Pre-Corona business model: Solve for max EBIDTA, earnings before interest, depreciation, taxes and amortization Post-Corona: EBIDTAFO The F is for Fat. The O is for Openness. The 2 factors known to affect corporate survival through uncertainty regimes. Both look like costs.
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Shareholder value maximization is almost a red herring. Over a sufficiently short horizon it looks like quarterly EBIDTA outlooks. Over longer horizons it looks like EBITAFO. Over a lifetime, it looks like per capita gdp growth.