this post was submitted on 19 Mar 2024
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I think that yes, the execs are greedy, but there are also two other problems:
Shareholders are also greedy, arguably even more greedy than company employees (executives are employees).
Developers have been overhiring, which is generally a symptom of someone not knowing what they are doing thinking that hiring more people makes things faster/better when actually the opposite is the case.
Out of touch, greedy executives that dont know what theyre doing, trying to meet unreasonable demands of shareholders? Yeah, perfect storm material.
execs often hold good amounts of shares though, not sure what the point you're trying to make is. It's often in their benefit to make short-term decisions that make the stock price go up in a span of 1-2 years, then they can cash out and do the same somewhere else.
Considering execs usually are fired for ignoring shareholder demands, I would say regardless of how many shares execs have in a company, attempting to meet shareholder demands is always in their favor. This is irrelevant to the point I was making.