jollystomper
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 16, 2012
- Messages
- 6,225
Nicely written, but there have always been CFO's, managers, lobbyists, etc. - even in the 'good old days' or Megacorps. What changed them?
Good question. In my opinion things has become more urgent and results are expected in much shorter timeframes. Results are now expected and measured in days, weeks or months, rather than years.
There is excess labor supply, and many companies are viewing workers as commodities rather than assets much more so than in the past. So the attitude is more about squeezing what you can out of your commodity before you discard it, than valuing an asset you want to preserve.
Externally, Wall Street is driving more companies to focus on quarterly improvements, every quarter must be better than the previous even for a very profitable company. Otherwise the stock falls and executive management gets blamed.
So... the pressure (or whatever you want to call it flows downward).