• Diplomjodler@lemmy.world
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    19 days ago

    The executives certainly deserve a lot of the blame. But most large corporations are owned by hedge funds, private equity and other layers of obfuscation that are designed to shield the powerful from accountability. After a few layers of abstraction nothing matters but line go up and if line not go up, the C-suite gets replaced before you can say “golden parachute”. These guys only care for the next quarterly results and are trying to ride the gravy train for as long as possible.