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I'm sorry for you. The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share p
by deltree7 3y ago
I'm sorry for you.
The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share price.
The world is better of with efficient capital deployment.
So, I don't understand how the smartest people in this world don't understand the fundamental working of capital markets.
Note: it's the same shareholders that have allowed to get $200-$300k TCs when smart people around the world toil the same as you for $60k. So, you can't have it both ways
- deleted 3y ago[deleted]
- spacemadness 3y agoYes, the first thing I tell someone laid off is that the world is better off with efficient capital deployment. They should know better and not have any emotional reaction. It’s purely logical after all. The CEO should have put that in the letter.
- deltree7 3y agoThen he should stop ranting about Executive pays. You can't have it both ways. Start misinformation about how capital markets work and not expect to be corrected. HN is a discussion forum. If an incorrect fact or misguided opinion is shared, it will be debated. I'm sympathetic to OP, but I also understand the dangers of misinformation and the resulting brainwashing of anti-capitalistic movement it causes and I will protect capitalism.
- bgun 3y agoand I will protect capitalism. Truly the hero capitalism deserves.
- deltree7 3y agoI lived in a country which had democracy + socialism democracy + capitalism. One period marked poverty, child mortality, While the other marked good standard of living and reduced child mortality. I'll let you guess and pick the confounding variable from the equation. That's the advantage of independent thinking vs brainwashed-by-liberal-universities (and thank god I didn't study in some brainwashed liberal university)
- deleted 3y ago[deleted]
- deltree7 3y agoI'm sure you'll use the same logic when a coal worker is fired, right? The hypocrisy is mind-boggling.
- jpmoral 3y ago> The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share price. This is a meme that needs to die. > The world is better of with efficient capital deployment. Even if this were true, rising share prices don't necessarily indicate efficient deployment. Chasing short-term share price increases often incentivises behaviour detrimental to company in the long-term.
- deltree7 3y agoShopify, Apple, Google, Meta, Amazon all have long term goals. Meta/Google/Amazon/Microsoft are literally investing R&D $ that will pay off 10+ years later. Yet they all have laid off people. Just because you laid of people doesn't mean they aren't thinking long term. Really how can reddit/HN and social media be so blind about this when they have data screaming at them?
- jpmoral 3y ago> Just because you laid of people doesn't mean they aren't thinking long term. That's not what I said at all. My point was that a rising share price and actions taken to influence that do not necessarily indicate that capital has been efficiently deployed. > Really how can reddit/HN and social media be so blind about this when they have data screaming at them? Maybe don't start with the assumption that everyone else is an idiot.
- regularjack 3y agoSmart people, as you put it, know that empathy plays a role in the world. It's possible to understand how capitalism works, while not being a sociopath.
- deltree7 3y agoNone of those people are sociopaths. You are just projecting. You haven't met the person or know anything about them.