4 ms·
do the people make the system, or does the system make the people? system being somewhat narrowly the executive duty to quarterly growth metrics for shareholde
by LesZedCB 4y ago
do the people make the system, or does the system make the people?
system being somewhat narrowly the executive duty to quarterly growth metrics for shareholders, the same shareholders which make up the board who chooses the execs, etc...
while i absolutely believe there are plenty of people with questionable-at-best ethics, these people don't just magically become executives in a vacuum, or by themselves.
- feoren 4y agoThe top 2 to 5 people in a corporation of 10,000+ don't "make the system". If the captain of a ship ordered it to ram into a giant rock, because he had taken an insurance policy out on the ship, that's not the ship deciding to wreck itself. That's the captain being a corrupt virus destroying value for his own personal gain. That is the game being played: extracting value that is "locked up" in corporate assets and long-term shareholders into the pockets of the short-term C-suite and high-level shareholders who will move on to another company later. Pump up this year's stock price as high as you can by laying people off, squeezing your customers, eliminating employee benefits, whatever you can do. Get your payout, then sell out and move to the next company while employees, customers, long-term shareholders, and long-term corporate partners are fucked.
- deleted 4y ago[deleted]
- LesZedCB 4y agoInsurance companies don't sell policies to repeat offenders and known frauds... Neither do boards.