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In the hypothetical alternate universe where the CEOs hired +25% instead of +30% over 2 years and then -5% cut after, would everyone somehow be better off? I d
by steveBK123 4y ago
In the hypothetical alternate universe where the CEOs hired +25% instead of +30% over 2 years and then -5% cut after, would everyone somehow be better off?
I dunno.
It's doubtful CEOs saw the end of ZIRP (the driver of this crazy growth) coming, given that nearly 0 people in the industry on this board did, etc.
The forces that lead to the "everything bubble" including overhiring, and the subsequent pop & cooling are much larger than any one CEO or even industry.
Everyone wants so malign actor to be responsible when bad things happen, but systems are more complicated than that.