July 31, 2019
The Seattle Times quoted Retail Co-Leader Ronald Friedman in an article about the Nordstrom family’s efforts to repurchase the company.
Seattle Times
By By Paul Roberts
Excerpt:
Being a publicly traded company “puts pressure on you always, especially in the United States — everyone thinks earnings-per-share on a short-term basis,” said Ron Friedman, leader of consumer products and retail at Marcum, an accounting and advisory firm. That pressure makes it very difficult for companies to “think out long-term — where you’re going to be in five to 10 years.”
