jonathanvmv8f@lemm.ee to memes@lemmy.world · 7 months agoIf any job needs to be replaced by AI, it sure would be of the executives firstlemm.eeimagemessage-square18fedilinkarrow-up1451arrow-down117
arrow-up1434arrow-down1imageIf any job needs to be replaced by AI, it sure would be of the executives firstlemm.eejonathanvmv8f@lemm.ee to memes@lemmy.world · 7 months agomessage-square18fedilink
minus-squareintensely_human@lemm.eelinkfedilinkarrow-up2arrow-down5·7 months agoEverybody 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?
minus-square31337@sh.itjust.workslinkfedilinkarrow-up3·edit-27 months agoStock 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
minus-squareThrowawayPermanente@sh.itjust.workslinkfedilinkarrow-up1·7 months agoCompanies as a whole might not always do this, but executives trying to hit their targets and get their bonus definitely behave this way sometimes
Everybody says this, that companies are always seeking their current quarter profits, but:
Can anyone provide evidence that companies actually optimize for current quarter profits at the neglect of all other time spans?
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
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