Same data, different interpretations. Happens a lot. In this case, it’s costing you employees Barney, and that’s going to affect profits down the line.
People want to be treated like human beings?! How unreasonable they are!! When Republicans take over in midterm, they will nip that in the bud!! RIGHT TO WORK was just a start!! /S
He really means that it’s a great place to own. That might not work in the long run. Start my career at International Harvester plan next to the Louisville airport. The site was leveled to make way for the UPS overnight hub. IH was not a great place to work and became a “looser” to own.
Private companies are bigger and more innovative. They put long term technical goals and future development over paying stockholders. Public companies that are doing well attract raiders that try to cash out future investments.
For decades, US companies have put stockholder value before everything else. It wasn’t some nefarious plan — it was what economist told them to do. But economists can be wrong. And in this case, they are.
Because all too many investors don’t care about the long-term health of a company. What they want a short term profit. That’s all they care about.
See, it’s really easy to buy and sell stock. If a company does something that will temporarily increase its profits — like a big round of layoffs — many investors will jump on board. They don’t care whether the move will hurt the company long-term. If profits start to go down later, they’ll just sell the stock.
It’s why so many American businesses are going to be in trouble long term. They concentrate on maximizing shareholder value, which means short term moves, and that is not a strategy for long-term success.
Some companies are going a different route. The best example of this is Apple. It’s entire focus is long-term. That means trying to take care of its employees, providing good value for customers and looking out for the environment. Sometimes it falls short on these goals, but it’s trying.
But that’s just one example. Consider the companies on this list:https://fortune.com/best-companies/2021/
And they’re better investments than companies that always treated employees like serfs and never think farther ahead than the next quarterly report. It’s these businesses that can’t attract workers now. And will fall by the wayside in the coming years.
As a child of parents who grew up in the Great Depression of the 1930’s it was impressed upon me that keeping your job is paramount, and the idea of quitting because a boss places profits first is like jumping out of a airplane without a parachute because the plane was maintained to work as efficiently as possible. I realize that expectations are different today. I hope that no one ever needs to do the Butt Kissing my grandparents did just to have a job and feed their family.
lopaka almost 3 years ago
Foxxy and Buttkiss have the same expression in the last panel?
fuzzbucket Premium Member almost 3 years ago
I’m not gonna ‘like’ today’s strip, because I don’t like a boss like that…at least until I can be one. That’s different.
Jesy Bertz Premium Member almost 3 years ago
“Sir, Senator Elizabeth Warren is on line one for you.”
uniquename almost 3 years ago
Same data, different interpretations. Happens a lot. In this case, it’s costing you employees Barney, and that’s going to affect profits down the line.
NeedaChuckle Premium Member almost 3 years ago
People want to be treated like human beings?! How unreasonable they are!! When Republicans take over in midterm, they will nip that in the bud!! RIGHT TO WORK was just a start!! /S
purepaul Premium Member almost 3 years ago
He really means that it’s a great place to own. That might not work in the long run. Start my career at International Harvester plan next to the Louisville airport. The site was leveled to make way for the UPS overnight hub. IH was not a great place to work and became a “looser” to own.
PoodleGroomer almost 3 years ago
Private companies are bigger and more innovative. They put long term technical goals and future development over paying stockholders. Public companies that are doing well attract raiders that try to cash out future investments.
raybarb44 almost 3 years ago
Precisely. Carry on…..
Ed The Red Premium Member almost 3 years ago
For decades, US companies have put stockholder value before everything else. It wasn’t some nefarious plan — it was what economist told them to do. But economists can be wrong. And in this case, they are.
Because all too many investors don’t care about the long-term health of a company. What they want a short term profit. That’s all they care about.
See, it’s really easy to buy and sell stock. If a company does something that will temporarily increase its profits — like a big round of layoffs — many investors will jump on board. They don’t care whether the move will hurt the company long-term. If profits start to go down later, they’ll just sell the stock.
It’s why so many American businesses are going to be in trouble long term. They concentrate on maximizing shareholder value, which means short term moves, and that is not a strategy for long-term success.
Some companies are going a different route. The best example of this is Apple. It’s entire focus is long-term. That means trying to take care of its employees, providing good value for customers and looking out for the environment. Sometimes it falls short on these goals, but it’s trying.
But that’s just one example. Consider the companies on this list:https://fortune.com/best-companies/2021/
And they’re better investments than companies that always treated employees like serfs and never think farther ahead than the next quarterly report. It’s these businesses that can’t attract workers now. And will fall by the wayside in the coming years.
rhpii almost 3 years ago
As a child of parents who grew up in the Great Depression of the 1930’s it was impressed upon me that keeping your job is paramount, and the idea of quitting because a boss places profits first is like jumping out of a airplane without a parachute because the plane was maintained to work as efficiently as possible. I realize that expectations are different today. I hope that no one ever needs to do the Butt Kissing my grandparents did just to have a job and feed their family.