If any job needs to be replaced by AI, it sure would be of the executives first

jonathanvmv8f@lemm.ee · 11 months ago

If any job needs to be replaced by AI, it sure would be of the executives first

intensely_human@lemm.ee · 11 months ago

Everybody says this, that companies are always seeking their current quarter profits, but:

That is irrational and I don’t see why they’d behave that way
Ive seen no evidence that they actually do

Can anyone provide evidence that companies actually optimize for current quarter profits at the neglect of all other time spans?

31337@sh.itjust.works · edit-2 11 months ago

Stock buybacks. Enron and WorldCom. Mass layoffs when not needed. https://sci-hub.se/http://dx.doi.org/10.2139/ssrn.52686 https://sci-hub.se/https://dx.doi.org/10.2139/ssrn.491627

ThrowawayPermanente@sh.itjust.works · 11 months ago

Companies as a whole might not always do this, but executives trying to hit their targets and get their bonus definitely behave this way sometimes

ExperimentalGuy@programming.dev · 11 months ago

I wouldn’t take the meme so literally that they’re only talking about current quarter profits, but just that they want growth in general.

intensely_human@lemm.ee · 11 months ago

I’m not referring to the meme but to the popular, articulated belief that companies are hyper focused on the current quarter’s profits. It’s often provided as explanation for bizarre behaviors by companies.

ExperimentalGuy@programming.dev · 11 months ago

Oh, I didn’t realize a lot of people actually believed that I just figured they were being hyperbolic.