3 ms·
MBAs rolling in to milk the cow dry, run it to the ground and sell scraps for profit can happen in private company as well.
by ozim 3y ago
MBAs rolling in to milk the cow dry, run it to the ground and sell scraps for profit can happen in private company as well.
- sparrowInHand 3y agoThe sea-people of our times are the CEO people..
- martijnvds 3y agoBronze age civilizations were wiped out by the sea-suite.
- mschuster91 3y agoIt's rarer though. These MBA beancounter types get attracted to public companies like flies to a pile of bull dung because it's far easier to get compensation tied to stock prices/valuation there, and it's easy to direct a stock's price upward (headcount reduction is the most common thing that will send it upwards).
- drumhead 3y agoThey do it because it succeeds. How many shitty things have we seen normalised and spread because consumers just accepted it and paid up?
- huijzer 3y agoExactly. I agree. I also find it surprising when people talk negatively about certain companies or capitalism in general, but then continue to spend a lot on various products including the companies they criticize. Companies are not making money up (apart from some fraud cases like Enron).