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Yes, the ghouls who used to be satisfied with merely hollowing out America’s brick and mortar stores via private equity seem to have decided to move on to “acti
by KerrAvon 3y ago
Yes, the ghouls who used to be satisfied with merely hollowing out America’s brick and mortar stores via private equity seem to have decided to move on to “activist investing”, so perfectly profitable and healthy companies have to increase margins to ludicrous levels, hire exclusively from southeast asia going forward, shore up commercial real estate by forcing people back into buildings during a still ongoing pandemic, and drop protections for LGBT. It’s great to live in modern times if you’re a culturally regressive idiot billionaire who lucked into money (or inherited an emerald mine).
- pinewurst 3y agoI'm not sure what I'm seeing is that reasoned. The analysts I speak with give 'moron' a bad name. They're just blindly repeating what they somehow intuit the zeitgeist is, not even realizing (or caring if there's any capability of such) the consequences of their actions. The likes of my management, so proud of their Google and Microsoft pedigrees, just follow slavishly, in fear of (a) the stock price falling due to bad commentary if they don't submit and (b) being found out that their pedigrees reflect no knowledge of any kind of real business.