Record profits > “We need to lay off workers to keep these numbers going up.”
Not record profits > “We need to lay off workers to make these numbers go up.”
CEO: I need the highest possible performance otherwise the board will fire me.
Board: We need the highest return otherwise we’re not willing to support the CEO.
Fund managers: We need to only invest in the most profitable ventures, otherwise people will move their money out of the fund I’m managing.
Pension companies: We need to only put our money in the most high performing funds.
You: I need the best return on my pension so I can retire as soon as possible.
If you’ve ever moved saved money to an account offering higher interest or performance, you’re part of this. I’m not saying that to blame, but people often don’t connect their own behaviour with the behaviour of the market.
Who are you kidding?
Record profits > “We need to lay off workers to keep these numbers going up.”
Not record profits > “We need to lay off workers to make these numbers go up.”
That doesnt even make sense
congratulations on finally getting on the same page as the article and the rest of us
So you think Cisco is shrinking its workforce?
It’s literally in the article and the headline…
CEO: I need the highest possible performance otherwise the board will fire me.
Board: We need the highest return otherwise we’re not willing to support the CEO.
Fund managers: We need to only invest in the most profitable ventures, otherwise people will move their money out of the fund I’m managing.
Pension companies: We need to only put our money in the most high performing funds.
You: I need the best return on my pension so I can retire as soon as possible.
If you’ve ever moved saved money to an account offering higher interest or performance, you’re part of this. I’m not saying that to blame, but people often don’t connect their own behaviour with the behaviour of the market.
I agree. The stock market was a mistake