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One would think they would plan for their long-term survival, but I feel that the current Board of Directors and C-Suite Execs only care as far as their career
by NCWV 7y ago
One would think they would plan for their long-term survival, but I feel that the current Board of Directors and C-Suite Execs only care as far as their career horizon.
- munk-a 7y agoNope. The stock market game and investor pressures have forced a lot of less well governed corporations into the trap of only caring about quarterly performance - and a quarterly focus makes it's pretty clear what to do about R&D - that's just a department always deep in the red.
- mrguyorama 7y agoNever mind that C level people are usually at least half done their life anyway. So what if the world warms 2C next decade? They'll weather it just fine
- ako 7y agoBoard of directors and c-suite have short term accountability, did they make this quarter goals?
- okmokmz 7y ago>One would think they would plan for their long-term survival Why do that when you can focus on short term gains? Outsource departments, cut funding for health and safety, ignore potential issues, collect your fat bonus for cutting costs and then move on to screw the next company before the one you're at implodes