Quote:
Originally Posted by wdfifteen
If it’s major shareholders manipulating the company to maximize share value at the expense of everything else it wouldn’t be the first time.
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Those shareholders are usually hedge funds, mutual funds, and large pensions (like CALPERS). And it's all about "maximizing' shareholder value" for the current quarter at all cost. Future viability be damned. I went to work for a privately held company out of college to avoid this stupidity. Our long time CEO retired a few years ago and the bean counter that replaced him is all about making the same stupid mistakes everyone else does. It used to be you had to work your way up from within, now we are doing layoffs (never done before in almost 100 years), we are hiring VPs straight on from other companies (and they are bringing their extreme short term mindset with them), and those of us at the bottom are having the maximum "value" extracted from us at all costs.