• Drusas@fedia.io
    link
    fedilink
    arrow-up
    20
    ·
    1 month ago

    They switched from being all about manufacturing to being all about shareholder values. And now here we are.

    • DaddleDew@lemmy.world
      link
      fedilink
      arrow-up
      19
      ·
      1 month ago

      There seems to be a clear pattern of great companies being completely ruined by shareholders demanding short term growth no matter what like that.

      • orcrist@lemm.ee
        link
        fedilink
        arrow-up
        6
        arrow-down
        1
        ·
        1 month ago

        If by “great” you mean “large”, yes.

        On the other hand, if we’re talking about high quality companies, then by definition they would be run well enough not to fall into that trap.

        • DaddleDew@lemmy.world
          link
          fedilink
          arrow-up
          4
          ·
          edit-2
          1 month ago

          The moment they become public there is going to be a pressure from the shareholders for constant growth.

          Thinking that this only applies to large companies is survivor bias because the more a company becomes large and predominant on the market the more noticeable levels of enshitification it can get away with and still survive. Had Boeing been smaller it would have died from the self-sustained blow.