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690. Re: Morning Metaverse Oct 30, 2013, 11:21 Beamer
 
RollinThundr wrote on Oct 30, 2013, 11:17:
The reason they don't say fired is because they step down to save face, it's the same thing, if the share holders want a change, a change they get. Share holders being people, like you and me.

Oh, that's cute, you think you're a shareholder with an opinion that matters!
How much do you have in any one company? A few thousand bucks? Maybe a hundred thousand? No one cares what you think. Do you know who matters? The guy with a few hundred million shares. Even in aggregate you simply do not matter. Headlines are made when a Wall Street Wealth Manager, whose fund has a billion dollars in Apple, criticizes Tim Cook, because that Wealth Manager has enough to shake that tree. No one cares when anyone on this forum is angry.

The fact remains, though, people don't get fired. Even the process of shareholders forcing change is a very lengthy process that can take months or years.

But ah, now you're only talking about CEOs. Shareholders don't care if Johnny QA lets lots of mistakes slip. They don't care if Rita Runsonlyonereport is sloppy in her reporting and has a bad attitude. Do these people ever get fired? No, they get ignored and not-promoted until a round of layoffs is an opportune time to say goodbye. It isn't semantics - firing is a "right now" thing, layoffs require waiting.
 
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