A worker shortage might be excellent news for the economy! Maybe, just maybe, firms will awake and see workers’ substantial contribution to their success. Some CEOs take unconscionable sums and destroy their firm’s value, unlike many frontline workers who create value. During the pandemic, CEOs took vast sums as they laid-off workers. Some firms sought bankruptcy protection, but […]
Tag: Greedy CEOs
Maximizing Shareholder Value Works When CEOs Focus On Enterprise Value Not Bonuses
T he Business Round Table (BRT) had an aha moment and decided maximizing shareholder value is not a corporation’s sole purpose. That metrics from the 1980s is wrong, it said. The BRT is late getting to this undeniable conclusion. It is indisputable that this profit focus fed CEOs’ greed nature and primed the Great Recession. CEOs […]