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> "Investor value". It's a symptom of western economies, and the US in particular. I absolutely agree. And pushed to extremes it makes for sociopathic reasonin
by jmnicolas 6y ago
> "Investor value". It's a symptom of western economies, and the US in particular.
I absolutely agree. And pushed to extremes it makes for sociopathic reasoning where nothing else matters.
We humans have a hard time finding the middle way : no I don't want communism but I don't want full blown predatory capitalism either.
- DrBazza 6y agoAgreed. Just look at Icahn asset stripping TWA in the 80s at the cost of thousands of jobs, just so he and his investors could get rich quick. Here's a good example of a non-technical CEO: Steve Ballmer. From wikipedia "His tenure and legacy as Microsoft CEO has received mixed reception, with the company tripling sales and doubling profits, but losing its market dominance and missing out on 21st-century technology trends.[13][14][15] "
- jmnicolas 6y agoI have another simple but revealing example from a few years ago : we had a biscuit factory where I live that had a financial return of 8% per year but the shareholders wanted 10% minimum so they demanded the factory to be moved in a cheaper country without any thoughts for the local employees that would loose their jobs.