Re:Amazon 'prepares mass job cuts' as sales slow
by jnwatson on Tuesday November 15, 2022 @09:39AM
(#33609649)
The biggest vulnerability in a corporation is that the interests of management and ownership (the shareholders) aren’t aligned.
A common situation repeated over and over is that a manager has the opportunity to take huge risks for a big bonus, yet the worst that can happen is they lose their job.
Case in point, it took a small team at AIG only 6 weeks of selling a financial product to bankrupt the 90-year-old company and contribute to the 2008 crash, ultimately leading to a Fed bailout.
A common situation repeated over and over is that a manager has the opportunity to take huge risks for a big bonus, yet the worst that can happen is they lose their job.
Case in point, it took a small team at AIG only 6 weeks of selling a financial product to bankrupt the 90-year-old company and contribute to the 2008 crash, ultimately leading to a Fed bailout.