Open Thread

By East New York on February 28, 2011 11:52 AM

By daveinbedstuy on February 28, 2011 11:30 AM

MM, CEO’s duty is to the shareholders.

**

Yep, exactly. Employees are expendable. And for some reason they want to unionize! Incredible.

This was the typical response that I was expecting. A CEO has to run a profitable company for the shareholders. The employyes are nor “expendable” and need to be treated well, as the same for all other “assets” of the firm. It is to the CEO’s and the shareholders’ best interests to take care of employees but to do it in the most advantageous and profitable means….so as to not only insure returns to shareholders but to continue to make a quality product and have happy, PRODUCTIVE emplyees.

In fact most of the private sector gets this now. There is very little unionization left in the private sector. the public sector surpassed the private many years ago and the numbers are something like 80% of all unions are now government and public sector.

“MM, CEO’s duty is to the shareholders.”

That doesn’t make it right. There is more to the world than just profit.

I’ve never had an STD.
I guess I can count that as a major accomplishment.

“We’re both part of the problem.”

I agree, Lech. Is there a business opportunity we can pursue that would allow us to provide for our families without compromising our morals? I’m thinking something involving alcohol, strippers, pinball machines and chocolate.

Alternatively, I can wait until someone invents a pill to cure cognitive dissonance.

i’m not saying anyone in any profession is NOT smart per se.

but the BEST should be doing better things than dreaming up derivatives.

we’ve all been around those types of people – who seem to just exist on a different wavelength than everyone else.