this post was submitted on 12 Sep 2023
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Technology
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What Im realizing is that they still win even if the product gets worse. They don't care about the product. They care about the short term gains that come from fucking around with their bottom line expenses and then presenting that to shareholders as value gain.
Modern day capitalism rewards nothing of value.
The CEO literally has only one duty, and its fiduciary duty to the stock holders.
They can be sued and removed if they’re not doing what’s best for the shares.
That’s the biggest problem in society these days as far as I’m concerned
Yup, incentives at publicly traded companies are way out of whack and its killing us all slowly
There’s just so much more value in “line goes up” than in “I make decent toasters”
And only quarter by quarter. No long term responsibility to the shareholders.