xsiddalx
join:2005-03-11
Chicago, IL
 ·AT&T Yahoo
| reply to en102
Re: Nasty
You forgot about EBITDA which is often more spoken about on conference calls. That's the real driver in the telco/cableco space these days.
said by en102  :Corporations are looking out for: a) bottom line (profits) b) corporate assets (name) c) stock price (upper management's pay is tied to stock) Corporations do not care about people, and in general, even their staff, if it affects any of the above items. That doesn't make sense. Corporate goals vary by their business, their position within it, and their ownership.
Your statement about people doesn't make sense either, to me at least. Best talent recruiting corps will care about people until it is a position where it believes it can get the best for less in return for perceived security, if that corp is willing to emphasize profitability. Stock price valuation on the other hand is way beyond a single post discussion, but I would agree, at times Corps will care less about their people and customers in the proper circumstances (which are generally anti-consumer). Private businesses are no better (think the shady mechanic in a big city...)
said by en102 :Don't forget, there's a flip side, where many consumers attempt to take advantage of large corporations as well. Other corp will attempt to erode 'a' and 'c', and activists will attempt to smear 'b'. A consumer taking advantage of a corporation is a david and goliath story. Has a large corporation ever been bankrupted by it's customers? More likely, large corporations have failed due to hubris and incorrect motivations like your C example. Paying the CEO on stock price at any cost is akin to paying the salesperson a commission regardless of the profitability (or loss) of a sale. Sometimes the best laid plans aren't right  In either case, the CEO/Salesperson still comes out ahead in every instance...would it be possible if there wasn't such a high level of nepotism without corresponding government oversight (if the gov themselves could be freed from the same problems?).
Perhaps I'm just an old jaded MF. |
