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Moostache

(9,895 posts)

11. CEOs use the crutch of the "fiduciary responsibility" to mean only the next 30-90 days matter.

Reply to Doremus (Reply #8)

Fri Mar 1, 2019, 05:33 PM

Mar 2019

Their focus is NEVER on the long-run health and growth of their companies these days...and has not been for a generation plus. Now its all about meeting or beating the market's expectations.

A 10-year plan for sustainable growth, community responsibility (NOT externalizing costs via a plan to socialize risk and privatize gains), and long-range viability are NEVER even on the mind of a modern CEO. They are in it for a short run...2-3 years is a veteran, 4-5 at the same company is a dinosaur ripe to fall. Massive compensation flows to the top and is prevented from circulating in a healthy economy.

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Highlight:

Cheap Prices Will Be the Latest Casualty of the Trucker Shortage [View all] Yo_Mama_Been_Loggin Mar 2019 OP

Well, yeah, companies could pay them better & stop treating truckers like dirt. Bernardo de La Paz Mar 2019 #1

Yes and they often have to pay for exboyfil Mar 2019 #5

"Every freaking job is driven to the edge." It's untenable for society, can't last, won't last. . nt Bernardo de La Paz Mar 2019 #7

You are 100% correct...it won't last... Moostache Mar 2019 #10

don't count on plumbers and electricians to be ok Hermit-The-Prog Mar 2019 #17

Yes, next decade will be a bit bumpy & the one after a bit more so. The solution is ... Bernardo de La Paz Mar 2019 #22

So much this. susanna Mar 2019 #19

This is the info. Corgigal Mar 2019 #6

Time to go back to the railroads SoCalNative Mar 2019 #2

Excellent Point gainesvillenole Mar 2019 #14

All part of the income & wealth inequality that is the biggest undiscussed problem the USA faces. Bernardo de La Paz Mar 2019 #3

The ran off all the old fat guys that drove trucks. I know, I was one of them. In my case, bucking brewens Mar 2019 #4

Capitalism 101. Better pay, more drivers. Tsk that industry CEOs forgot their own rules. Doremus Mar 2019 #8

CEOs use the crutch of the "fiduciary responsibility" to mean only the next 30-90 days matter. Moostache Mar 2019 #11

It is only a matter of time before they go driverless genxlib Mar 2019 #9

That's my guess safeinOhio Mar 2019 #13

Could rail be used (again) to take up some of the slack? theophilus Mar 2019 #12

Having been an OTR driver for 30 years..... A HERETIC I AM Mar 2019 #15

Thanks. That was insightful esp w respect to rail and OO %. Good to see swapping. . . . nt Bernardo de La Paz Mar 2019 #20

Based on this quote, it isn't because of the pay MichMan Mar 2019 #16

I think Darren Tristano is full of shit TexasBushwhacker Mar 2019 #18

It never is, to CEOs. WhiskeyGrinder Mar 2019 #21

The trucking industry started going in the tank bluecollar2 Mar 2019 #23