> Does a CEO improving his company market value by firing people have the same contribution to society as a paramedic saving a life, a nanny taking care of a ba

> Does a CEO improving his company market value by firing people have the same contribution to society as a paramedic saving a life, a nanny taking care of a baby so the parents can work or a teacher educating kids? Yes, by firing people who don't provide much value at this company they can go on and provide more value at other companies. It will make their lives tougher for a while, but redistributing labor can provide immense value. For example, lets say that a CEO over many hospitals cleaned up bureaucracy in them. This lead to increased efficiency, and now many people are just doing busywork and aren't really needed. The CEO then fires thousands of healthcare workers who can go on and work at other hospitals. This will drive down costs and help more people get the healthcare they need. His work is surely more important than the work of an individual healthcare worker.