• Skoobie@lemmy.film
    link
    fedilink
    English
    arrow-up
    54
    arrow-down
    1
    ·
    1 year ago

    Short term profits making quarterly reports look better to stakeholders. Isn’t that how 80% of these bigwigs get their job in the first place? We should be calling it the Zaslav Model at this point 😂.

    • Gork@lemm.ee
      link
      fedilink
      English
      arrow-up
      45
      arrow-down
      2
      ·
      1 year ago

      Just because it looks better to shareholders now doesn’t make it a good business decision. I swear the majority of CEO types don’t give a damn if the company goes under in a few years because they either:

      1. Have a golden parachute in place by sucking up to the Board.

      2. Will move on to another CEO position at another company before it folds. Bonus points if they golden parachute on the way out.

      • Carighan Maconar@lemmy.world
        link
        fedilink
        English
        arrow-up
        48
        arrow-down
        1
        ·
        1 year ago

        It’s a good decision for the CEO though. That’s part of the problem, they’re not beholden to the business. They’ll just bugger off and go elsewhere.

      • HBK@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        5
        arrow-down
        1
        ·
        1 year ago

        That’s what the golden parachute is supposed to be for: a payout long term so the CEO doesn’t make a short term decision that fucks the company up but pays out big. Ex: offering a stock package that you can’t sell for 5-10years.

        A decision like this will pay out HUGE in the short term, but if they don’t change it I doubt many will be using unity in a few years.