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submitted 2 days ago by abobla@lemm.ee to c/technology@lemmy.world
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[-] Iceman@lemmy.world 3 points 2 days ago

Often enough execs are just impervious to math.

[-] starchylemming@lemmy.world 5 points 2 days ago

oh they can do the math of short term gains because they dont stay long term and move on to the next company to short term gain

they never think about anything but their own gain

make number go up > get a bonus for meeting profit gain goals > leave company before shit hits the fan to repeat the same pattern somewhere else

[-] skisnow@lemmy.ca 2 points 2 days ago

Yes. This is basically the core of why capitalism eats itself.

You don't have to be evil or short-sighted to be a CEO, but if you don't do evil and short-sighted shit to pump the share price there's a high probability the board will replace you with someone who will.

This is why I believe the government should hold stock and sit on the boards of any company that gets publicly listed. Much easier than tying yourself in knots with an adversarial system of complex regulations.

this post was submitted on 14 May 2025
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