Learn to read.infinity ag said:deddog said:This isn't the CEO's fault. Chances are really good that the stakeholders lost a bunch of money. And that's how this gets fixed.Aston04 said:Amen. Example: A publicly traded company I worked for around 2007. They BORROWED a ton of money to issue a one-time dividend. Dumb dumb dumb. How does that create lasting shareholder value? It does the exact opposite. But I'm sure the CEO got a hefty bonus from the board for his efforts. 4-5 years the later company was weak and bought out. Fortunately, I was long gone by then.infinity ag said:Detmersdislocatedshoulder said:infinity ag said:
Just recently, around February, the press was talking about how companies cannot get people fast enough, how the job market was booming and was the "best ever". Now we hear about layoffs every day, both big ones and small ones.
These incompetent CEOs cannot plan properly to take care of risks, they go on hiring binges since it makes news, and then cut staff and claim to have done an amazing job by reducing costs.
It looks like companies are going to overdo the layoffs and suffer if there is no recession.
you are missing the silver lining. when everything goes south which it will, these same ceo's will all retire and get huge bonuses to leave. nothing like the golden parachute out the door.
Yes, I missed that.
These CEOs will lay people off, sell out the long term health of the company in order to show short term gains, demand and get a hefty bonus from the company and when the company starts to decline because of poor decisions made earlier, they will get fired with a golden parachute. And one of their buddies will get them another lucrative role somewhere else. Win-win. So why should they change?
Borrowing money to give a dividend is pretty dumb. Now if you are justifying that, then it just tells me that you need to get out more. There are some situations that current rules cannot deal with. CEOs and boards know how to get around them, and the politicians don't care because they are on the take. It's all a nice ecosystem. You are on the outside, so you don't benefit.
Before you spout talking points on topics that are way out of your depth.