this post was submitted on 31 Dec 2023
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[โ€“] Death_Equity 10 points 1 year ago (1 children)

Corporate consultants.

Their entire job to tell a company to cut payroll and make their product worse so CEOs can maximize their bonus until it is unsustainable and then the CEO can resign and do the same thing at a new company. Then the next CEO does the same thing until the company is unprofitable so it can be bet against in the stock market. To make things worse, consultants or CEOs will sell companies on "systems" owned by a friendly partner to further errode the business model that has allowed the company to get where it is at.

Consultants and short-term CEOs are the biggest parasite of good business.

[โ€“] psmgx 2 points 1 year ago

"850/hr to tell someone the time based on what their own what their own watch says"

They also do may more than what the parent poster mentioned, often very well, and always at insanely inflated rates.