Re:McKinsey, technocratic management, and structural inequality
by AstralStorm on Tuesday February 04, 2020 @05:24AM
(#22234077)
I'd say lobbying and voting with money is, and CEOs are responsible for it.
The richer they are, the less they care about wage or product, the more they care about extracting rent - via investment or cuts, causing stock market reactions, which ignore all those things.
They tend to also lose the common touch, just like the aristocracy that preceded them.
The richer they are, the less they care about wage or product, the more they care about extracting rent - via investment or cuts, causing stock market reactions, which ignore all those things.
They tend to also lose the common touch, just like the aristocracy that preceded them.