Boeing, one of the most innovative and amazing companies on earth destroyed by investment bankers.
The search for excellence got diluted by the search for profit. Something is wrong. Companies should grow on their own merits, not on the merits of the stock market.
Investment banking is destroying amazing companies and rotting the free market.
So sad
Don’t forget about corporate consultants, who are brought in to improve profits because the company is driven to always make more money than last year and investing in innovation is expensive but cutting costs by cutting payroll is cheap. CEOs come in and the corporate consultants help maximize their bonus through actions that harm the company long-term. The CEO doesn’t care because they will leave once the ramifications are felt, it is a game of c-suite hot potato with millions of dollars in upsides.
Bankers want more value for their investment, corporate consultants make that happen.
Now multiply it across all of healthcare, all of teaching, civil engineering, and everything else about society.
The only reason America functions at all is because people care enough to do a good job even though the bankers are trying to make it more difficult for them at every turn, and then keeping all the money they created when people make it work anyway.