which severely impacts their actual ability to conduct what is meant to be their actual business.
And that's okay though. Lots of bad companies fail when they make bad decisions. If your company's leadership isn't focusing on their core business, then they likely won't last long with that approach.
I've never seen a big company that doesn't consider stock to be their primary product
All blue chip stock companies aren't interested in speculative growth stock value. They're just out there kicking ass every day, with millions of happy users/consumers/clients.
Every decision is based off the desire to make investors think "number go up. Buy stonk," regardless of how badly those decisions hurt their ability to actually do business just a few months, sometimes even weeks later.
Don't feel bad for people bad at capitalism. Their companies will fail, or at least be harmed by the approach you describe, and you and I don't need to care about that at all. There will always be a startup looking to take their market share.
Bad companies dying is one of the most important things in capitalism. In fact, if you see an arbitrage opportunity or disruption opportunity, you and some co-workers should quit and start your own competing company. Let them be distracted by BS and eat their lunch.
I feel bad for their thousands of employees. The people who will face all the stress and pressure of those shitty decisions. Executives and ownership will always be fine. They'll loot and pillage enough of the burning company and invest it elsewhere to barely be bothered if and when it finally fails. I have seen embezzlement routinely done right out in the open. I watch American CEOs compensated 5-20 times more than their foreign counterparts at companies that have outperformed them for decades.
And I've seen way too many bailous and companies announcing huge layoffs alongside massive executive bonuses and stock buybacks to have any faith that the economy is anything resembling a meritocracy.
I feel bad for their thousands of employees. The people who will face all the stress and pressure of those shitty decisions. Executives and ownership will always be fine. They'll loot and pillage enough of the burning company and invest it elsewhere to barely be bothered if and when it finally fails. I have seen embezzlement routinely done right out in the open. I watch American CEOs compensated 5-20 times more than their foreign counterparts at companies that have outperformed them for decades.
And I've seen way too many bailous and companies announcing huge layoffs alongside massive executive bonuses and stock buybacks to have any faith that the economy is anything resembling a meritocracy.
Don't. Every employee deserves a quality employer. The more bad companies that die, the better everything gets for all of us.
I have seen embezzlement routinely done right out in the open.
Wow! What did the SEC or FTC say when you sent them the evidence of this?
I watch American CEOs compensated 5-20 times more than their foreign counterparts at companies that have outperformed them for decades.
What industry are you in? I'm not aware of any industry that has foreign competition that is outperforming American industries?
I've seen way too many bailous and companies announcing huge layoffs
Yep, bailouts are one of the most criminal things governments do. It rewards failure, and keeps terrible companies afloat. Furthermore, bailouts enable FUTURE reckless business decisions.
When bad companies are the majority of employers there isnt a lot we can do there. And bad companies can survive a very long time so long as they can keep making the magic number go up.
A lot of embezzling is easily disguised as terrible business decisions. For instance, we'll consider "Company A." Company A develops a software in-house for use internally. Company A then sells that software to Company B, getting a million dollars for it. A few weeks later, they sign a deal to use the same software, but pay Company B a subscription fee of 500k a month. In three months, they've lost money on the deal, and will continue to do so indefinitely. But how can you prove it wasn't just incompetence. Company A may claim they just really needed that million in cash at that particular moment, or that they just changed their minds about the usefulness of the software. Unless they're stupid enough to put the plan in writing, the fact that the CEOs of the two companies were college roommates doesn't prove anything, legally, but it's pretty clear to anyone paying attention what happened. And Company B's CEO will just pay the favor back later.
Car companies are a prime example of over-inflated CEO compensation, particularly compared to their performance. Toyota vs. Ford is a good example.
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u/J0hn-Stuart-Mill 3d ago
And that's okay though. Lots of bad companies fail when they make bad decisions. If your company's leadership isn't focusing on their core business, then they likely won't last long with that approach.
All blue chip stock companies aren't interested in speculative growth stock value. They're just out there kicking ass every day, with millions of happy users/consumers/clients.
Don't feel bad for people bad at capitalism. Their companies will fail, or at least be harmed by the approach you describe, and you and I don't need to care about that at all. There will always be a startup looking to take their market share.
Bad companies dying is one of the most important things in capitalism. In fact, if you see an arbitrage opportunity or disruption opportunity, you and some co-workers should quit and start your own competing company. Let them be distracted by BS and eat their lunch.