But now I don't think it will be long before it hits the rock bottom...
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Shareholders are only interested in the gains on their portfolios. The Board that represents shareholders bring on the CEO who decides on layoffs with their approval. Layoffs = lower costs = higher share px. CEO will look after himself/herself before the employees which means CEO will try to please shareholders/Board to save his/her job before employees' jobs. Look at all the shares that sell off and purchased by large shareholders and/or CEO and executives at around every layoff or earnings announcement. CEO/executives would save their jobs and make extra bonus $ at expense of their employees' livelihoods. It's sad but it's legal.
You’re wrong. Employees work to provide for their families. No one works for the shareholders except the board. The shareholders are investors. Some of whom which actually care how a company treats their workers. Somehow we have gotten to a point that profit is more important than people. We are convinced it is the fault of some imaginary “left or right conspiracy” Companies will actually suffer in the long term using this strategy then they will ask the lowly workers to bail them out with tax money. It is not the left or right that will solve this. It will be both working together. People get so caught up in “us vs them”. One of the most important quotes is “United we stand, divided we fall”. We can and should take ownership of our decisions forget about perceived differences we are convinced to be truths by opinion.
Great for discarding baggage and make the sale value higher.
We could put up a ‘For Sale’ sign now.
Don't be so melodramatic. Layoffs are great for improving shareholder value. Every employee works for the shareholders. Never forget that.