this post was submitted on 19 Jul 2023
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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.
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.
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
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.