Also if they believe the outcome is inevitable in the near future it’s a certain kind of sensible to race to be first. It’s a variant on the prisoners dilemma where they can see each other racing to rat the others out in the hope that the first will get a discount on sentence length.
The idea is just to get there first. If you make it one quarter before your competition then you get a a really good quarter.
Long terms plans don’t matter to CEOs. Long term stability is not rewarded by capitalism.
Also if they believe the outcome is inevitable in the near future it’s a certain kind of sensible to race to be first. It’s a variant on the prisoners dilemma where they can see each other racing to rat the others out in the hope that the first will get a discount on sentence length.