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The Clubhouse Bar
A Political Thread pt. 2
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<blockquote data-quote="ncurd" data-source="post: 1057581" data-attributes="member: 72205"><p>You need to go work for some large cooperation's (and even smaller ones) they all pay lip service to long terms plans in favour of the short term and looking after the share price in the present. And its make sense most senior management not the top are looking for their next foothold in the ladder not the long term outcomes of the team. They are hyper focused on the short term because that's what they are being assessed by and will make the determination if their career progresses or stagnates. Most people are spending a small number of years in a position before moving onto the next one this has been compounded by retention being poor to what it once was because in term of real advancement and wage increases its better to leave your current company than to stay with the one you already belong to.</p><p></p><p>I have zero trust on the follow through to any long term plans because of how often I've seen short term companies shoot themselves in the foot so figures look good for shareholders.</p><p></p><p>This isn't an anti-capitalism rant just when faced with reality its failings are all too apparent in this kind of case. The same could be said for full blow communism.</p><p></p><p>In these areas government regulation always works better because even if it is more prudent for business to conduct certain practices they'll only do it if they have to.</p></blockquote><p></p>
[QUOTE="ncurd, post: 1057581, member: 72205"] You need to go work for some large cooperation's (and even smaller ones) they all pay lip service to long terms plans in favour of the short term and looking after the share price in the present. And its make sense most senior management not the top are looking for their next foothold in the ladder not the long term outcomes of the team. They are hyper focused on the short term because that's what they are being assessed by and will make the determination if their career progresses or stagnates. Most people are spending a small number of years in a position before moving onto the next one this has been compounded by retention being poor to what it once was because in term of real advancement and wage increases its better to leave your current company than to stay with the one you already belong to. I have zero trust on the follow through to any long term plans because of how often I've seen short term companies shoot themselves in the foot so figures look good for shareholders. This isn't an anti-capitalism rant just when faced with reality its failings are all too apparent in this kind of case. The same could be said for full blow communism. In these areas government regulation always works better because even if it is more prudent for business to conduct certain practices they'll only do it if they have to. [/QUOTE]
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