CEOs are obliged to act in the best interests of the company (as opposed to shareholders, which I stated previously). 99.99% of the time, that means increase market share, revenue and margins while cutting costs as close to the bone as possible.
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Corpos gonna corpo.
They are legally obliged to.
Good news! Legality doesn’t mean much in the US anymore!
Bad news! They’re taking it so far the other way it’s even worse!
Maybe that’s just something they say, maybe not, if not laws need to change, if so they need reining in.
CEOs are obliged to act in the best interests of the company (as opposed to shareholders, which I stated previously). 99.99% of the time, that means increase market share, revenue and margins while cutting costs as close to the bone as possible.