• Death_Equity@lemmy.world
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    3 months ago

    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.