luan78zao wrote:
Kraichgauer wrote:
Regardless, she had ruined the lives of thousands of her loyal workers she had left jobless.
Contrary to popular opinion, a CEO is not hired by employees in order to pay them money whether they earn it or not. She is hired by stockholders in order to make money for stockholders.
How exactly did those employees manifest their "loyalty"? By wearing company t-shirts? Apparently it wasn't by actually being productive – since the company made more money without them.
A company may, for sentimental reasons, choose to keep on the founder's ineffective grandson, or a beloved elderly employee who can no longer do much. (I've seen both.) But a company which continues to employ "thousands" of such charity cases, at a loss, will soon find itself out of business. Then
everybody's on the street. How is that better?
I've heard that CEO's have to look out only for the benefit of the stockholders, and it's a cop out. If a company employs people - especially a significant number of people - then they have an absolute responsibility to continue providing those people with a livelihood. When a large company drops a significant number of workers, then not only do those former employees suffer, but so does the wider economy, which had been dependent on the paychecks those employee, who used to stimulate other businesses.
And this wasn't a matter of some elderly worker, or some well liked relative needing a job, but a huge segment of HP's work force. These were hardly charity cases, but rather people did their jobs and got paid for it.
As for the notion that if companies extended "charity" to their workers as such, everyone would be out of work - what you get is hardly much better, with everyone out of work, while the investment and corporate class roll in the dough. Contrary to what conservatives believe, workers are not an expendable resource that can be dehumanized and written off. They are living, breathing human beings who have families dependent on the wage they bring home. Yet they are expected to pay for corporate's f*ck ups with their jobs.
_________________
-Bill, otherwise known as Kraichgauer
23 Sep 2015, 8:15 pm
