3 ms·
"not always strictly profit maximization." Maybe in the short-term but public companies with shareholders won't allow this in any sort of long-term way right?
by nervousvarun 5mo ago
"not always strictly profit maximization."
Maybe in the short-term but public companies with shareholders won't allow this in any sort of long-term way right?
- bluecheese452 5mo agoNot allow it? They insist upon it! The controlling votes are all part of the same social class. They would gladly give up a small amount of profit to keep the distance between them and the workers as large as possible.
- nervousvarun 5mo agoTo the extent it doesn't negatively impact the stock price sure but you would agree the CEO and any sort of power-trip they have is ultimately beholden to that right?
- bluecheese452 5mo agoIf he goes against what they want absolutely. If he introduced a 4 day work week for example he would be in big trouble.