Nokia set plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit. The telecom equipment maker said it’s looking to...
It’s the way the system is designed. That executive had no option but to maximize profits. Otherwise, the stock manager will sell their stock. And, the stock manager has no option but to pick the best stocks. Otherwise, investors would just go with a better performing financial product.
All these “shitty” business decisions made by executives are to increase stock value/dividends because their only goal is to do so. Any products or services a publicly-traded company provides is a side effect. To motivate this further, executives are often heavily paid in stock. Combining all these factors together, society ensures we place the greediest and most ruthless people in charge of our economic decisions.
That’s why I never care for news of a particular CEO. If they weren’t in that position, another asshole would gladly take their place since that CEO is surrounded by other relentless subordinates that want the position. Basically, our society encourages psychopaths to engage in their deranged egoism. It’s also why Trump doesn’t trigger me. He’s a victim of the system also, because he never faces the consequences he needs to experience in order to develop a healthy, complete, and stable personality. He will always feel deeply insecure, be delusional, and never know mental peace. Unfortunately, we’re the ones that have to suffer the consequences of his madness instead.
Thank you!!
It’s the way the system is designed. That executive had no option but to maximize profits. Otherwise, the stock manager will sell their stock. And, the stock manager has no option but to pick the best stocks. Otherwise, investors would just go with a better performing financial product.
All these “shitty” business decisions made by executives are to increase stock value/dividends because their only goal is to do so. Any products or services a publicly-traded company provides is a side effect. To motivate this further, executives are often heavily paid in stock. Combining all these factors together, society ensures we place the greediest and most ruthless people in charge of our economic decisions.
That’s why I never care for news of a particular CEO. If they weren’t in that position, another asshole would gladly take their place since that CEO is surrounded by other relentless subordinates that want the position. Basically, our society encourages psychopaths to engage in their deranged egoism. It’s also why Trump doesn’t trigger me. He’s a victim of the system also, because he never faces the consequences he needs to experience in order to develop a healthy, complete, and stable personality. He will always feel deeply insecure, be delusional, and never know mental peace. Unfortunately, we’re the ones that have to suffer the consequences of his madness instead.