But as a business owner that is an 8% opportunity loss. I expect to make 20%+ net pre-tax on the companies I own. Below that and you quickly get to the juice not being worth the squeeze. Whether its small to mid size companies like mine, an NFL team, Buffett owning BH why deal with all the BS of employees, taxes, regulations, etc... when you can toss money into the market and make 10-12% while laying on the beach?
I get all of us want to see a better team but like any corporation it has to turn a reasonable profit compared to the work put in, not everyone is going to want to work for your company, and it's hard to keep constantly running at the highest performance and exponentially harder to get back to the median when you screw the pooch. I think the ownership group wants to get better but their not going to run at an unacceptable ROI to get there in an artificial fan based sense of urgency when every seat in the house is filled, shirts are being bought, and they see a reasonable chance the ship is beginning to right itself.