4 ms·

I never have and never will understand the mindset of people who always want that extra dollar. These CEOs have billions of dollars, but they won't hesitate to

I never have and never will understand the mindset of people who always want that extra dollar. These CEOs have billions of dollars, but they won't hesitate to inconvenience the customer if it means they get a few more dollars a year. These are people who will never run out of money, and their childrens children will never run out of money, but still they are out to swindle every dollar out of every customer they can.

acchow 8y ago
swindle? Are you being serious?
tajen 8y ago
You need some bases in philosophy to understand that. Moleynieux tried to explain it in two videos for the general public. Your question is answered by the second answer of this video (although the whole is interesting): https://youtu.be/MYY11Ro4h54 https://youtu.be/MYY11Ro4h54
2trill2spill 8y ago
I get the sentiment but it is a CEOs job to make as much money for the shareholders as possible. Its not just their own salary and bonus CEOs are trying to grow they are trying to get top dollar for shareholders as well.
kup0 8y ago
It may be a moral/ethical failure on a larger scale of philosophy/principle, but in capitalism/the market, this is the CEO doing his job, essentially. Competition is supposed to step in somewhere, but as we've seen in many industries, it often appears to mean nothing if all of the competitors agree to act in a similar way, or if the company still gets enough paying customers regardless. He is maximizing profits/value for shareholders, which in today's world is often point #1 for many companies because that's how the system has been designed to function and is what it requires of its participants.
dominotw 8y ago
When you buy stocks do you want it to keep going up as much as possible or do you want to it stop after a certain point when you had "enough". CEO are there to implement the wished of people like you and me. If he doesn't do it, it will be someone else.
dr_teh 8y ago
By profit margin, Airlines are like one of the worst businesses ever

acchow 8y ago

swindle? Are you being serious?

tajen 8y ago

You need some bases in philosophy to understand that. Moleynieux tried to explain it in two videos for the general public. Your question is answered by the second answer of this video (although the whole is interesting): https://youtu.be/MYY11Ro4h54 https://youtu.be/MYY11Ro4h54

2trill2spill 8y ago

I get the sentiment but it is a CEOs job to make as much money for the shareholders as possible. Its not just their own salary and bonus CEOs are trying to grow they are trying to get top dollar for shareholders as well.

kup0 8y ago

It may be a moral/ethical failure on a larger scale of philosophy/principle, but in capitalism/the market, this is the CEO doing his job, essentially. Competition is supposed to step in somewhere, but as we've seen in many industries, it often appears to mean nothing if all of the competitors agree to act in a similar way, or if the company still gets enough paying customers regardless. He is maximizing profits/value for shareholders, which in today's world is often point #1 for many companies because that's how the system has been designed to function and is what it requires of its participants.

dominotw 8y ago

When you buy stocks do you want it to keep going up as much as possible or do you want to it stop after a certain point when you had "enough". CEO are there to implement the wished of people like you and me. If he doesn't do it, it will be someone else.

dr_teh 8y ago

By profit margin, Airlines are like one of the worst businesses ever