Investors Who'll Take The Long Term View

"How America can get the 'patient' capital it needs" (The Corporation, Oct. 21) is a superb commentary on what is perhaps the most critical issue facing corporate managers, boards of directors, and institutional investors today.

Much of the acquisition and leveraged buyout activity of the 1980s was affected by governance-related matters. Today, the subject's importance and relevance continues unabated.

Until the U. S. business community learns to strike the correct balance between short-term quarterly performance and long-term growth and stability, our corporations' global competitiveness and investment returns will suffer.

Lester Pollack

New York

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