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Reply #5: EXACTLY! Execs working just for the next quarter's report are a big part of the problem [View All]

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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-19-10 11:53 AM
Response to Reply #2
5. EXACTLY! Execs working just for the next quarter's report are a big part of the problem
Do ANYTHING to make the next quarterly report seem good and give yourself a big raise.

That is how NOT to have a sustainable business, but it is how things have been done for too long. So they have to shuffle a lot of paper (create new entities) to hide the losses and build mirage profits.

Not sustainable.

Someone here at DU remarked that execs now do not, have never actually built or made anything. They just deal in illusion.

When you don't make anything, or provide any real service, you don't need much of a labor force. They thing themselves genius for cutting that business expense. But they forgot that they just killed off their customer base along with killing off production.

Too many MBAs not enough makers of anything.
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