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I know, /s, but: If you have someone who aimlessly kills products and fires people but lacks vision or a decent plan, you could find someone much cheaper, and
by not2b 3y ago
I know, /s, but:
If you have someone who aimlessly kills products and fires people but lacks vision or a decent plan, you could find someone much cheaper, and save tens of millions on executive compensation. If operating margin is so crucial now, then it seems cutting pay of top executives is the easiest way to achieve that with the least damage to the company.
- zx8080 3y agoFiring people actually helps raising a stock price [0]. 0 - https://money.com/tech-layoffs-affect-stock-prices/ https://money.com/tech-layoffs-affect-stock-prices/
- zx8080 3y agoRaising stock price makes so many people happy than firing a few wealthy individuals does some small harm for the greater good of many. /s
- zx8080 3y ago> so many people Meaning shares holders, of course.
- not2b 3y agoImproving operating margin helps raise the stock price: the company then can at least temporarily produce the same revenue for lower cost. But firing employees is only one way to do it. Executive compensation is now so bloated that reducing it might produce the same gain as from firing hundreds of employees, with less impact to future growth (talent is retained).