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Why corporate America is so much more awful than it used to be?


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2021 May 5, 4:41pm   352 views  1 comment

by gabbar   ➕follow (1)   💰tip   ignore  

The four big companies that I use to tell this story are GE, GM, Kodak, and Coca-Cola. There was a shift from a stakeholder orientation, where the CEOs of these giant corporations talked in terms of balancing all their constituents in this postwar era. They talked about taking care of their customers and the communities they operated in; they even bragged about how much they paid in taxes. Corporate America shifted to a model that is now largely centered around maximizing shareholder value. Investors have explicitly been put quite above all of these other stakeholders, so when you carve out the pie, a bigger share is now going to investors, and a smaller share is going to labor. That’s what happened.

Source: https://slate.com/news-and-politics/2017/09/why-companies-and-ceos-treat-their-workers-like-garbage.html

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1   Reality   2021 May 6, 9:12am  

All four are dying companies trying to suck up to the woke teat.

The mediocrity willing to be the captains of those sinking ships are put in place to extract the last bit of residual enterprise value on behalf of their Slaver Party (Democrat) owners. That's why they treat their workers like garbage while promoting wokism.

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