Antoine Arnault: 'We absolutely take no decisions based on the share price, not for LVMH.'

We absolutely take no decisions based on the share price, not for LVMH.

In a straightforward interpretation, Antoine Arnault's quote "We absolutely take no decisions based on the share price, not for LVMH" implies that the luxury goods conglomerate LVMH (Louis Vuitton Moët Hennessy) prioritizes factors other than the share price when making business decisions. Arnault, the Executive Vice President of LVMH, suggests that the company does not merely chase after short-term financial gains, but instead focuses on long-term strategies and value creation.This statement holds significant importance in the context of the business world, where many companies tend to prioritize shareholder value and quarterly profits over other considerations. By asserting that LVMH bases its decisions on other factors, Arnault challenges the prevailing notion that profitability should be the sole guiding principle for business choices.However, to bring an unexpected philosophical concept into the discussion, let's delve into the realms of existentialism. Existentialism, as a philosophical movement, explores themes such as individual freedom, authenticity, and personal responsibility in the face of an uncertain and often chaotic world. Drawing a parallel between Arnault's statement and existentialism might seem far-fetched at first, but upon deeper examination, intriguing comparisons can be drawn.Existentialists argue that the pursuit of external markers of success, such as wealth or social status, can lead to a sense of emptiness and lack of fulfillment. Instead, they emphasize the importance of self-reflection, personal values, and meaningful experiences as the basis for decision-making. In this light, Arnault's assertion aligns with existentialist principles by implying that LVMH's decisions are driven by a deeper understanding of the company's purpose, values, and long-term sustainability rather than solely focusing on immediate financial gains.By comparing and contrasting Arnault's statement with existentialism, we can draw several parallels and divergences. Both emphasize the value of long-term considerations and the importance of looking beyond materialistic metrics. However, while LVMH's decision-making is rooted in its organizational purpose and values, existentialist philosophy seeks to empower individuals to define their own purpose and values, independent of external influences.Furthermore, by avoiding decisions based solely on the share price, LVMH embraces a more holistic approach to business, considering factors such as product quality, customer satisfaction, and brand reputation. This approach not only preserves the integrity and authenticity of the company's luxury products but also contributes to the long-term success and sustainability of LVMH's diverse portfolio of brands.In conclusion, Antoine Arnault's quote showcases LVMH's commitment to basing decisions on factors beyond mere share price, highlighting the company's long-term focus and commitment to value creation. By daring to challenge the conventional paradigm of short-term financial gains, Arnault's statement aligns with the existentialist philosophy of seeking meaning and purpose beyond materialistic pursuits. LVMH's approach stands as a notable example in the corporate world, emphasizing the significance of holistic decision-making, ethical considerations, and brand integrity in order to build a prosperous future for the luxury goods industry.