this post was submitted on 16 Dec 2024
621 points (96.4% liked)

Comic Strips

12928 readers
3268 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 2 points 20 hours ago* (last edited 20 hours ago)

CEOs aren't solely at fault, though. The board of directors is responsible for setting broad policies which might involve increasing profit even at the cost of human lives. And most publicly traded corporations have mission statements that explicitly prioritize profit over all other concerns because otherwise their shares wouldn't be as attractive on the stock market.

Mind you, making the CEO job unattractive will make it harder to find people who implement board policies. But ultimately that's a punctual relief attempt for a systemic issue โ€“ the way the stock market operates. Things will not improve as long as we not just allow but require companies to increase profit no matter what.