BigDumbDinosaur wrote:
barnacle wrote:
I know it's a shocking concept, but (particularly) the US vision of a company is that it exists purely and only to generate return for shareholders.
Complicating matters, publicly-traded US companies are effectively bound by law to follow that model. It’s the concept of “fiduciary responsibility,” which basically says the shareholders’ interests reign supreme. If a publicly-traded company’s board-of-directors does something that compromises profitability and causes a loss of market value, they can be sued into financial oblivion. Needless to say, that sort of thing tends to obscure other important aspects of running the business, such as the welfare of the workforce.Hell, it doesn't even prioritize a
healthy, stable business model, in practice. My employer got acquired a few years back by just exactly the kind of "sixty MBAs and a dozen actual workers" outfits that've already been discussed, and our local head honcho has had to spend the better part of the last six months talking them down from adopting rapacious price hikes that would - guaranteed - drive our entire customer base to competitors, which management does not consider a valid concern because they don't seem to believe that we
have competitors o_O
We've absolutely ended up in a world where the majority of decisions at any business of meaningful size are made by people who have zero connection to even the actual line of business, let alone any questions of humane, ethical personnel management - and yes, the incredibly short shrift given to training and skillset development that yields the kind of workers we're talking about here is entirely of a piece with that. I worked at another job once where they hired on a rank newbie, had me show him the basics, and then abruptly laid me off; of course, they did that
before I'd had the chance to show him any
more than the basics. I wonder now and again what happened to that guy; I'm sure management was Very Piqued that the reports they weren't getting as fast as they wanted were somehow not magically any faster with a guy who only barely knew the process in charge of delivering them...