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Every company I work with is trying to make up for profit lost over the covid years. Surprise surprise company after company are now posting record profits.

by quitit 4y ago

gruez 4y ago
As opposed to what, them normally not trying to increase profits? Had the pandemic not happened, would we expect CEOs to be like "meh, the last few years were pretty good so I'm not going to try too hard to make more money"?
- quitit 4y ago
  >As opposed to what, them normally not trying to increase profits? I didn't imply or state that: strawman. >Had the pandemic not happened, would we expect CEOs to be like "meh, the last few years were pretty good so I'm not going to try too hard to make more money"? More of the same. If you're interested in posting a serious reply/question to my input about the consequences of trying to meet revenue targets, I'm more than happy to continue the discourse. If you're just looking for opportunities to spout your nonsense, don't expect a reply.
- andrekandre 4y ago
  > As opposed to what, them normally not trying to increase profits? yea, actually that. i dont think it would be unprecedented if some companies said "hey we are making a healthy profit already, so in order to not harm our customers we'd like to keep prices as they are or reduce them if possible"...
  - andrekandre 4y ago
    i know your not supposed to talk about ↑ downvotes, but honestly i'd really appreciate someone to share why the massive downvoting of my comment? what rules/guidelines of hn did i violate here? i've never had a comment voted so badly before, so i'd really appreciate some feedback....
  - gruez 4y ago
    >i dont think it would be unprecedented if some companies said "hey we are making a healthy profit already, so in order to not harm our customers we'd like to keep prices as they are or reduce them if possible"... It won't be unprecedented that a few companies (especially founder/family controlled) showed alturism like this, but I'd be very surprised if a publicly held company straight up told its shareholders that it was going to kick back and relax this quarter because things are already pretty good.
    - andrekandre 4y ago
      > a publicly held company straight up told its shareholders that the pressure to do the opposite (of just raising prices whenever opportune etc) would be much higher for sure and the usual incentives for cxo's are usually against that as well. that being said communicating with investors what kind of company they are investing in and that they value long-term value than short term squeezing of customers is all valid and fair imo...

Every company I work with is trying to make up for profit lost over the covid years. Surprise surprise company after company are now posting record profits.

by quitit 4y ago

Every company I work with is trying to make up for profit lost over the covid years. Surprise surprise company after company are now posting record profits.

gruez 4y ago

As opposed to what, them normally not trying to increase profits? Had the pandemic not happened, would we expect CEOs to be like "meh, the last few years were pretty good so I'm not going to try too hard to make more money"?

quitit 4y ago
>As opposed to what, them normally not trying to increase profits? I didn't imply or state that: strawman. >Had the pandemic not happened, would we expect CEOs to be like "meh, the last few years were pretty good so I'm not going to try too hard to make more money"? More of the same. If you're interested in posting a serious reply/question to my input about the consequences of trying to meet revenue targets, I'm more than happy to continue the discourse. If you're just looking for opportunities to spout your nonsense, don't expect a reply.
andrekandre 4y ago
> As opposed to what, them normally not trying to increase profits? yea, actually that. i dont think it would be unprecedented if some companies said "hey we are making a healthy profit already, so in order to not harm our customers we'd like to keep prices as they are or reduce them if possible"...
- andrekandre 4y ago
  i know your not supposed to talk about ↑ downvotes, but honestly i'd really appreciate someone to share why the massive downvoting of my comment? what rules/guidelines of hn did i violate here? i've never had a comment voted so badly before, so i'd really appreciate some feedback....
- gruez 4y ago
  >i dont think it would be unprecedented if some companies said "hey we are making a healthy profit already, so in order to not harm our customers we'd like to keep prices as they are or reduce them if possible"... It won't be unprecedented that a few companies (especially founder/family controlled) showed alturism like this, but I'd be very surprised if a publicly held company straight up told its shareholders that it was going to kick back and relax this quarter because things are already pretty good.
  - andrekandre 4y ago
    > a publicly held company straight up told its shareholders that the pressure to do the opposite (of just raising prices whenever opportune etc) would be much higher for sure and the usual incentives for cxo's are usually against that as well. that being said communicating with investors what kind of company they are investing in and that they value long-term value than short term squeezing of customers is all valid and fair imo...