> This is remarkable because it's hard to imagine most American companies, which are always looking to squeeze out a little more profit to juice the quarterly report
HEB is privately owned and run by the owners. Those are very different incentives than public or VC-backed ventures.
You're still guided by a number. But you've got a different cost of capital, risk profile, and time horizon, as well as room for more stuff in your utility curve. So you will behave differently.
HEB is privately owned and run by the owners. Those are very different incentives than public or VC-backed ventures.