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Usually corporations tend to act in their own good. Usually, corporations are better and faster at reacting than a government. Here the problem is executives w
by onetimeuse92304 3y ago
Usually corporations tend to act in their own good. Usually, corporations are better and faster at reacting than a government.
Here the problem is executives who are absolutely shit at understanding what the product of their company is (efficiency AND safety). And absolute shit at understanding that yes, you can extract some additional value in short term by reducing standards, but it will eventually catch up with you and the party will be gone.
If I was investor in Boeing I would be screaming to get these executives fired as they obviously are not acting responsibly with good of my long term investment in mind.
- willcipriano 3y ago> it will eventually catch up with you No it will catch up with the company, you will have already cashed your bonus check.
- deleted 3y ago[deleted]
- fcantournet 3y agoUsually corporations tend to act in their own good. Usually, corporations are better and faster at reacting than a government. Neither of those statements are supported by facts. It's very common for corporations to be driven to ruin by poor management, or just scraping for parts. It's very common for governments to have to regulate entire industries out of their self inflicted demise (see any financial crisis) Not to take a jab, but you should ask yourself why you're repeating this (i.e: where you're getting it from, over and over again) because it's plainly false.
- kbolino 3y agoMost investors are "institutional investors" which is a fancy way of saying they represent large funds on behalf of others. There are serious principal-agent problems that align incentives away from responsible long-term management.