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Not sure why you're being downvoted. > If the leadership doesn't act in this manner, they will be replaced with others that will. This is exactly what happene

Not sure why you're being downvoted. > If the leadership doesn't act in this manner, they will be replaced with others that will. This is exactly what happened at Etsy when they fired the previous CEO and installed Josh Silverman.

kareemsabri 5y ago
They are being downvoted because "make as much money as possible" is not a clear cut proposition. Apple ran (runs) an expensive recycling program and investors complained that it wasn't valuable at annual meetings. Steve Jobs said "We disagree" but he wasn't replaced. Lots of companies don't maximize the dollars out of every single thing, in response to a bigger picture / longer term vision, and it's up to leadership to sell it to shareholders. Etsy could certainly argue their bottom line in the long term will be helped by curating a higher quality marketplace and getting rid of junk sellers, if that's a problem.
- JackFr 5y ago
  Steve Jobs earned the ability to say that. Most managers are not Steve Jobs.
  - kareemsabri 5y ago
    Sure, but some are so pretending no company can ever push back against a short term cost cutting / revenue focus is false.
judge2020 5y ago
I had the same thing happen[0], but the point is that companies don't have to make as much money as possible by sacrificing everything else like brand image and human decency; anything that goes against obvious profit-increasing practices must be properly accounted for by the board giving a reasonable explanation. A hypothetical shareholder meeting: "Q: why did you reduce your cut of sales when still trending upward in user and revenue growth? A: we believe higher user growth numbers is more important in the long term and envision our revenue growth will continue to increase despite this change". 0: https://news.ycombinator.com/item?id=30893551 https://news.ycombinator.com/item?id=30893551

kareemsabri 5y ago

They are being downvoted because "make as much money as possible" is not a clear cut proposition. Apple ran (runs) an expensive recycling program and investors complained that it wasn't valuable at annual meetings. Steve Jobs said "We disagree" but he wasn't replaced. Lots of companies don't maximize the dollars out of every single thing, in response to a bigger picture / longer term vision, and it's up to leadership to sell it to shareholders. Etsy could certainly argue their bottom line in the long term will be helped by curating a higher quality marketplace and getting rid of junk sellers, if that's a problem.

JackFr 5y ago
Steve Jobs earned the ability to say that. Most managers are not Steve Jobs.
- kareemsabri 5y ago
  Sure, but some are so pretending no company can ever push back against a short term cost cutting / revenue focus is false.

judge2020 5y ago

I had the same thing happen[0], but the point is that companies don't have to make as much money as possible by sacrificing everything else like brand image and human decency; anything that goes against obvious profit-increasing practices must be properly accounted for by the board giving a reasonable explanation. A hypothetical shareholder meeting: "Q: why did you reduce your cut of sales when still trending upward in user and revenue growth? A: we believe higher user growth numbers is more important in the long term and envision our revenue growth will continue to increase despite this change". 0: https://news.ycombinator.com/item?id=30893551 https://news.ycombinator.com/item?id=30893551