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In the boom years of the 1990s, when egotistical directors could flit to other studios, and when a high share price offered the temptation to buy over-priced Internet start-ups, managing was harder.
Some have even begun to realise that a high share price can make them much richer.
In order to justify its high share price, Microsoft must continue its rapid expansion.
Mr Morimoto says firmly that a high share price is not a reason for buying other companies.
Apple's entry to the 119-year-old index has been delayed because the company's high share price threatened to distort the 30-company index.
This success includes delivering total shareholder returns of 177 percent since 2006 and the 19 percent premium to Heinz's all-time high share price that all Heinz shareholders will receive in the merger.
Similar(43)
High share prices were justified, it was said, because interest rates were low.
Some stockmarket analysts claim that high share prices reflect the productivity gains of the "new economy".
High share prices and low borrowing costs should eventually awaken bosses' animal spirits.
You're supposed to serve your owners, and your owners want high share prices.
Airlines in Europe and Canada that follow the Southwest business model also have high share prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com