This is exactly what brought the world to its knees in 2008 when bank CEOs prioritized their own stock options over customers and sustainable business. It can only be stopped if the companies re-think their C-level payment plans.
It's a systemic problem. If Jack CEO refused to cripple the company for profit, he would be replaced by someone will less scruples. If board members refused to offer the dirty deal, investors would pressure to have them replaced. When the company inevitably starts to perform poorly, investors will move on to leech another company dry. Average consumers tend to be for it too, since their retirement accounts are managed by investors. The entire system incentivizes profit first and foremost. You really have to go out of your way to setup a company for sustainable business. And it will be disadvantaged in the short term.
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This is exactly what brought the world to its knees in 2008 when bank CEOs prioritized their own stock options over customers and sustainable business. It can only be stopped if the companies re-think their C-level payment plans.
It's a systemic problem. If Jack CEO refused to cripple the company for profit, he would be replaced by someone will less scruples. If board members refused to offer the dirty deal, investors would pressure to have them replaced. When the company inevitably starts to perform poorly, investors will move on to leech another company dry. Average consumers tend to be for it too, since their retirement accounts are managed by investors. The entire system incentivizes profit first and foremost. You really have to go out of your way to setup a company for sustainable business. And it will be disadvantaged in the short term.