The Ninety-Day Horizon: How Earnings Pressure Is Eroding the Strategic Foundation of American Business
The relentless cadence of quarterly earnings cycles has quietly reshaped how American executives allocate capital, prioritize investment, and make decisions under pressure—often at the direct expense of long-term competitive positioning. What appears to be disciplined financial management frequently amounts to a systematic erosion of the structural advantages that drive sustainable growth. This article examines the mechanics of short-termism, its compounding costs, and the frameworks boards and