“This is strictly a business decision”
When a company says “This is strictly a business decision,” explaining why they must…
“This is strictly a business decision”
Tim O'Reilly
95555
Another good example of the finicialization of the economy where everything in the economy becomes an aspect of finance. Moving jobs does little for the profit margin, but it proves the company’s bona fides to match the prevailing financial mind-set and makes it all the more damning.
Related tags
Howard JohnsonFeb 111 min read
It’s not capitalism
Robert Lee Louviere
101
But, there is a difference between those corporations that focus on serving their customers and those who focus on serving their shareholders. Stock prices reflect future profits, but all too often locks in a turn away from service. If you engineer a large market capitalization (cashing out on that start-up) and you adopt a Board with a shareholder…
There is an orthodoxy that I’d like to see challenged, that profits are sacrosanct, because they are demanded by “the market,” while workers and their income are fair game. It is not...
“This is strictly a business decision”
Tim O'Reilly
95555
This case illustrates an urgent need for having more investments focused on B-corp organizations, where the well-being of employees and their communities are also taken into account through third-party auditing and certification.