• @NounsAndWords@lemmy.world
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    367 months ago

    The really annoying thing about the “brainless market oriented CEO” type, is that they’re often right about the market part and make lots of money…by destroying their product. Then off to the next shiny piggy bank to break open.

    • @Mic_Check_One_Two@reddthat.com
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      67 months ago

      Yup. It’s all about the quarterly profits. Everything else is irrelevant. No CEO wants to prioritize long-term growth or a friendly user experience, because that doesn’t get them the big fat bonus as they’re on their way out the door.

      • Bobby Bandwidth
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        7 months ago

        It’s not only the ceo, but the pressure that ceo faces from investors who are probably old, out of touch rich boomers who have toxic views of how businesses “should” be done

    • @assassinatedbyCIA@lemmy.world
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      37 months ago

      The average share is held for about 6 months. The investor nolonger care about the long term future of the companies they invest in. If they don’t see immediate returns from the CEO they vote them out.