IBM Software mandates in-office work for employees living within 50 miles | “Software Executive Focals” will be laying down the law::undefined

  • 🐱TheCat
    link
    fedilink
    English
    arrow-up
    23
    arrow-down
    2
    ·
    1 year ago

    What Im realizing is that they still win even if the product gets worse. They don’t care about the product. They care about the short term gains that come from fucking around with their bottom line expenses and then presenting that to shareholders as value gain.

    Modern day capitalism rewards nothing of value.

    • ArbiterXero@lemmy.world
      link
      fedilink
      English
      arrow-up
      11
      ·
      1 year ago

      The CEO literally has only one duty, and its fiduciary duty to the stock holders.

      They can be sued and removed if they’re not doing what’s best for the shares.

      That’s the biggest problem in society these days as far as I’m concerned

      • 🐱TheCat
        link
        fedilink
        English
        arrow-up
        5
        ·
        1 year ago

        Yup, incentives at publicly traded companies are way out of whack and its killing us all slowly

      • Haywire@lemm.ee
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        And only quarter by quarter. No long term responsibility to the shareholders.