DagwoodIII comments on The bewildering phenomenon of declining quality

[–] DagwoodIII@piefed.social 4 points 1 year ago (1 child)

My take is this. Say what you want about Henry Ford, he was a man who truly loved to drive and wanted to make great cars. Same with old Hollywood studio bosses; horrible people who really wanted to make great movies. Now all the bosses are MBAs who care only about the bottom line. Their names aren't connected to the product and they couldn't care less about whether what they make is of any use whatsoever.

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[–] Diplomjodler3@lemmy.world 2 points 1 year ago

The executives certainly deserve a lot of the blame. But most large corporations are owned by hedge funds, private equity and other layers of obfuscation that are designed to shield the powerful from accountability. After a few layers of abstraction nothing matters but line go up and if line not go up, the C-suite gets replaced before you can say "golden parachute". These guys only care for the next quarterly results and are trying to ride the gravy train for as long as possible.

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