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I think in this particular scenario it's shortsightedness. They see this an instant increase in revenue without considering that longer term this will destroy t
by lnenad 2y ago
I think in this particular scenario it's shortsightedness. They see this an instant increase in revenue without considering that longer term this will destroy their ever dwindling market share.
- superfist 2y agoBecause no one rewards long-term efforts. You are rewarded for short-term goals and, at best, mid-term ones. In an abstract sense, customers reward you for long-term efforts, but this is something no one will put in an Excel spreadsheet with financial voodoo calculations, except when you are the sole owner of the business.
- falcor84 2y agoCould this perverse incentive be rectified in some way? Perhaps by offering much of the compensation in equity that they'd have to hold on to for decades?
- csomar 2y ago> Could this perverse incentive be rectified in some way? Yes, the companies will slowly disappear into oblivion with competitors (ie: China) gradually eating their launch.
- mdp2021 2y ago> longer term this will destroy their ever dwindling market share I'd very much hope so, but I am seeing humanity adapt to and support much worse terms and conditions, under the banner of "Meh.".
- pmontra 2y agoMany C*Os plunder the companies they work for, then move to another one. They don't care about the market share of the company they'll leave, no more than bugs care about a tree they are eating. They'll move to the next one. There is always a next tree, until suddenly there are no more trees nearby.
- KingOfCoders 2y agoSales managers and CEOs make sales, get their options then move on.