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Sometimes companies are incentivised to grow, sometimes to cut costs - investors reward different things at different times. Knowing areas that could be trimmed
by RandomLensman 3y ago
Sometimes companies are incentivised to grow, sometimes to cut costs - investors reward different things at different times. Knowing areas that could be trimmed and not trimming can be entirely rational then.
- Brian_K_White 3y agoThat would be rational within an irrational context. That is still irrational, and I see no reason to forgive or excuse it instead of calling it out as irrational. It's understandable, but that doesn't mean tolerable or excusable, just that the mechanism by which the irrational process plays out is understood.
- RandomLensman 3y agoIt's is not irrational to follow the desires of the owners. And those desires need not be irrational either, as capacity for change and execution is limited in any corporation - focus matters.