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Not too long ago I was playing the stock market with some spare cash and a trend I noticed was that these companies that lost more money than they were able to
by gymbeaux 4y ago
Not too long ago I was playing the stock market with some spare cash and a trend I noticed was that these companies that lost more money than they were able to generate, all had well-paid executives. So you have a company that reports say a $100M loss one quarter, well it would turn out a sizable chunk of that was executive compensation. I’m not sure how I feel about execs making really any money before they’ve made the company they’re running, profitable.
- chadlavi 4y agoI for one am very sure about how I feel about that
- jahewson 4y agoAs we’ve just seen the easiest way to achieve profitability is layoffs. Probably not what you had in mind.
- gymbeaux 4y agoI propose instituting a 4-day workweek and cutting everyone’s pay by 10-20%. Some will no doubt resign (saving the company money), but the rest will instantly save the company 10-20% in labor costs. If all those studies out there are to be believed, productivity would remain the same or increase (although in those studies pay wasn’t cut along with hours, so… maybe not). Anyway now seems like a great opportunity for companies to experiment with 4-day workweeks, whether 40 hours (better than nothing) or 32 hours.