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> Did they make a mistake when they were hiring or did they make a mistake now when they are firing? You cant believe both simultaneously.

No it's entirely plausible that hiring then was the right decision and firing now is the right decision. There's no universal law that says you must hire people for eternity.




Facebook literally fired people they hired a week prior.

Why do you feel the urge to make excuses for managerial incompetence.

Like when you are a worker, they must be scruitinised to make sure they arent lazy or incompetent, but the day you get promoted to executive you gain godlike immunity from criticism


It’s not up to you to decide if what the management did is right or wrong, it’s up to the shareholders. They own the company and they appoint the management. If they make bad decisions it’s up to them to replace them.


Do they really do it?

In the past 40 years several FTSE 250 companies have collapsed, gone bancrupt or suffered some other disaster.

I can't name any example where shareholders replaced upper management before it was too late. Can you?


They do it indirectly via the board of directors, they are the representatives of the shareholders (akin to a representative democracy). It is a common scenario for the shareholders to vote in a new board to replace the existing management.

https://en.wikipedia.org/wiki/Proxy_fight




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