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Outside incentives line up with that too. Most investors seem to want quick gains, not steady growth.
by brucethemoose2 3y ago
Outside incentives line up with that too. Most investors seem to want quick gains, not steady growth.
- bcrosby95 3y agoThings like 401ks are the biggest trick wall street pulled on the public at large. Now they don't need to defend their actions because many in the public are financially incentivized to defend them. It's not a sin if its done in the name of making my stock go up.
- Loughla 3y agoI hear you, but I just can't be convinced that was a motivator. The main motivator, I believe, was to drive costs WAY down by eliminating pensions while shifting that burden to the workers. I guess what I'm saying is, the golden shields were just a happy accident of other terrible behaviors?
- anonymouskimmer 3y agoI heard this same kind of justification used by a CEO in a former workplace. I stood there thinking "I'm a multi-year permatemp with no 401k. Shove this BS and give me a good paying job so that I can put money toward retirement."; didn't say anything though.