True!Got me started on corporations. I worked Retail Management most of my life. Used to be a somewhat fun, enjoyable job until merger mania and executive greed took over in the 80's. Can't believe all the bad decisions I've seen these "highly educated business school" types make.
Yet cynically, I often wonder if these "bad decision" were 100% intentional, just based on a shorter timeline and from a different perspective:
These business school types might have another job lined up, so they're just focused on pumping the end of quarter earnings to give the stock price a bump.
Once they sell their stock options at the higher price, they can move to the new job with an impressive new bullet for their resumé. ..and buy a shiny new car with the proceeds of their stock bump.
They don't care that they weakened the business and damaged the brand because they milked the cow before the carcass started to smell.
See also:
The Fable of the Hot Dog Vendor – Coco Brooks Inc
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