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applegrove

(123,585 posts)
9. But how much efficiency is a good thing. It is a word CEOs
Wed Dec 18, 2024, 10:20 PM
Wednesday

use to imply profits and value to shareholders. But if refusing a coffee break to your workers, so they can't have a cup of coffee on their way to work any day, makes you efficient so you can give the wealthy stock buybacks. A good thing? The ceo is saying we have nowhere to invest so take your money. Then the rich get into private equity with that money and where does private equity go? Into the housing market and warp that so people can not get into the housing market as it is to expensive. And the person has no coffee and no housing. So how much efficiency is really a good thing? The goal of housing used to be providing a home through the markets. Now the goal is efficiency. Were things really that bad in all the markets including housing when ceos were not high on efficiencies' fumes in say the 1990s? Did the world fall apart?

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