On: Intel Announces Layoffs After Paying $1.5B in Q1 D...

[MichaEiler]

I'd recommend reading about stakeholder capitalism. E.g. "Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet" written by the founder of the world economic forum.

[pclmulqdq → MichaEiler]

I don't know why anyone likes his books. They tend to be very light on facts and evidence, and heavy on inflating his own ego.

Maybe read it if you want to understand the current zeitgeist in the world of managers, but I wouldn't look for wisdom in them.

[MichaEiler → pclmulqdq]

Realizing that a business has more responsibilities than just satisfying the shareholders is incredibly important. I honestly just listed it as an example, there might be better books. I only had brief look at this particular one, since I got the impression that most of it's content is common sense here in Europe...

[baggy_trough → MichaEiler]

It’s a good idea to read about it so one can learn what a bad idea it is.

[NotYourLawyer → MichaEiler]

I’ve read lots about stakeholder capitalism. It’s a bunch of nonsense.

If management is beholden to a bunch of competing groups, then in any given situation they can do whatever they want and justify it by saying “well yeah the shareholders (or whoever) don’t like it, but this is what we need to do for the sake of the employees (or whoever).”

I’d rather have the shareholders in charge than unaccountable management doing whatever they feel like.