I think it has to do with having no limits on executive compensation.
There is no incentive to create long-term value when you can cost-optimize your brand into the garbage while creating large short term profits from which they can pay themselves outrageous bonuses. It's an easy playbook and there is no shortage of people willing to trade their reputation for a few hundred million.
Our economy has become almost entirely a race to the bottom.
There is no incentive to create long-term value when you can cost-optimize your brand into the garbage while creating large short term profits from which they can pay themselves outrageous bonuses. It's an easy playbook and there is no shortage of people willing to trade their reputation for a few hundred million.
Our economy has become almost entirely a race to the bottom.