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> It's probably why so many companies treat their employees like disposable punching bags Contrary to what you posit, the empirical evidence shows the opposite
by dcolkitt 7y ago
> It's probably why so many companies treat their employees like disposable punching bags
Contrary to what you posit, the empirical evidence shows the opposite. The firms with the best management practices tend to have the highest rates of employee satisfaction [1]. And the surest way for a firm to wind up poorly managed, is for shareholders not to hold management accountable with tangible targets and transparent monitoring.
[1] https://www.nber.org/papers/w17850.pdf https://www.nber.org/papers/w17850.pdf
- roguecoder 7y agoDo you have a citation for the second part? It seems a huge leap from the first part, for which you have a citation, to "hedge fund activism makes companies treat employees better". Particularly given that good governance is linked to long-term outlooks (https://hbr.org/2017/05/managing-for-the-long-term https://hbr.org/2017/05/managing-for-the-long-term)