C-suite raiding is a systemic problem with publicly traded companies. You get in, cash in the good will and reputation of the company for a quick quarterly profit, then get out. Meanwhile your fellow tribesmen have already infiltrated and prepped the next victim.
Same thing happens to governments unfortunately. Anything that allows members of the public to join.
Every time someone brings up "shareholder value", you always have to ask which shareholders they're talking about. No one cares about mom-and-pop retail plebs; it's the C-suite with their millions in stock options who want to make line go up so they can cash out.
C-suite raiding is a systemic problem with publicly traded companies. You get in, cash in the good will and reputation of the company for a quick quarterly profit, then get out. Meanwhile your fellow tribesmen have already infiltrated and prepped the next victim.
Same thing happens to governments unfortunately. Anything that allows members of the public to join.
Every time someone brings up "shareholder value", you always have to ask which shareholders they're talking about. No one cares about mom-and-pop retail plebs; it's the C-suite with their millions in stock options who want to make line go up so they can cash out.