Executives with large private operators in the US have said they may be better able to navigate the industry downturn better than their counterparts at public companies.
The executives said their investors are more patient than public shareholders who focus on quarterly results, sometimes to the detriment of a larger strategy.
While circumstances vary greatly among private companies depending on differences in funding sources and business strategy, most are united in that they answer to a smaller and generally more savvy set of owners than companies whose shares trade on stock exchanges.
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