Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

And yet there are a large number of CEO's of major companies that would call this bullshit.

Building shareholder value is one of the primary mandates for a CEO and ignoring its share price is a great sin in the public markets.

KEY POINTS:

The Business Roundtable, a group of chief executive officers of nearly 200 major U.S. corporations, issues a statement with a new definition of the “purpose of a corporation.”

The reimagined idea of a corporation drops the age-old notion that they function first and foremost to serve their shareholders and maximize profits.

Investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals.

https://www.cnbc.com/2019/08/19/the-ceos-of-nearly-two-hundred-companies-say-shareholder-value-is-no-longer-their-main-objective.html

And yes. . . Nasrat does want the share price to appreciate and it will happen with the support of fundamentals such as ever increasing revenues.