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> The fools in Hasbro's executive suite are NOT decades-old players of DnD and they have no idea what they're doing. This is nearly every single corporation in
by feoren 4y ago
> The fools in Hasbro's executive suite are NOT decades-old players of DnD and they have no idea what they're doing.
This is nearly every single corporation in America. We are veritably infested with a caste of the "business class" who are completely unqualified to run anything, and indeed don't even care about running these companies. Instead they hop from company to company, ripping out the internals of whatever made that company great in the first place, laying off talented people, randomly closing down "cost centers", and doing everything they can to get an immediate stock price bump now, even if it literally destroys the company down the road. They don't care; by then they will have jumped to a different company. That's the game, and it's played an entire echelon of C-level Harvard Business School grads whose daddies helped them get admitted. The dystopia where corporations are ruthless profit-seeking entities would be better than what we have now, which is that corporations are the playthings of a caste of modern-day corporate raiders. The rest of us look at the decisions made by giant corporations and ask "how can they be so stupid?" They're not being stupid, they're being viruses, and viruses can still be successful even when they sometimes kill their hosts.
- nerdponx 4y agoThe question then becomes: Why does the market keep rewarding these decisions with short-term stock price increases, if they are obviously bad decisions for the long-term health of the company?
- Kerrick 4y agoBecause the phrase "make hay while the sun shines" can convince people it's good even when they could've otherwise kept the sun out longer.
- carapace 4y agoThe market is only about as intelligent as a dog?
- drblue 4y agoBecause Hasbro is in the S&P 500. There’s a constant bid wall from 401ks purchasing it.