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> it may just randomly lead company to failure As opposed to sometimes deliberately leading companies to failure by mortgaging the company's future so they ca
by bluefirebrand 2y ago
> it may just randomly lead company to failure
As opposed to sometimes deliberately leading companies to failure by mortgaging the company's future so they can maximize short term profits, including their bonuses, then leaving before it all bursts into flame?
- slt2021 2y agoif CEO is extracting short-term profits, you can be 100% sure it is because Shareholders have demanded him to execute this exact plan. if the company has failed after squeezing short-term profits, there could be a chance that failure was inevitable, and CEO just salvaged and cashed out what was possible and left debtors/employees/suppliers on the hook, while shareholders (CEOs boss) got paid in $$$