this is wrong, even if today it looks right because the different incentives result in the same concrete things.
You have a company; your goal is to make the company succeed. Investors have a portfolio; their goal is to make the portfolio succeed. Your company succeeding is only one aspect of their portfolio succeeding, and one whose importance and externalities can change drastically for reasons outside your control.
> We have the same incentives as our investors.
this is wrong, even if today it looks right because the different incentives result in the same concrete things.
You have a company; your goal is to make the company succeed. Investors have a portfolio; their goal is to make the portfolio succeed. Your company succeeding is only one aspect of their portfolio succeeding, and one whose importance and externalities can change drastically for reasons outside your control.