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I will rue the day this inevitably happens.
(lemmy.world)
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this post was submitted on 04 Jan 2024
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The same reason countless studios have destroyed successful IPs (like EA). Sure it’s profitable but it could be MORE profitable. Sales were up last year? Cool story, have sales improved over that this year though??
It's not just shareholders, I mean that's a huge part why public corporations endlessly seek growth. But, even private corporations are beholden to capitalism's inherent growth imperative.
The only way to maintain solvency is to grow. Without growth you can't save, and if you can't save, you can't accumulate investment capital. Which basically means your corporation is stuck in stagnation and is being eaten alive by interest rates.
What? Why? If I'm making a million dollars profit a year, why can't I just put it in a bank account or ETFs or whatever every year?
If you aren't investing back into your company as much as your competitors then they will eventually push you out of the market. It's called the Growth imperative .
Putting back into your company is fine. It's the endless profiteering that sucks, and that ultimately reduces customer experience. Steam keeps it's niche specifically by producing a great customer experience, and getting out of the way.
Steam is also putting back into their company. But there's no need for enshittification. That's a publicly-traded-company, tragedy-of-the-commons thing.
Not true
It is to sustain an elite that takes the money in form of salary
Wtf are you babbling about? What salary man do you know that's "elite"? They aren't even petite bourgeoisie, they just think they are. The middle class is dead.
All CEO make their money from absurd salaries that they choose themselves
A CEO isn't a salary man.... A salary man is just a white collar worker who works for a salary, not hourly. Which is typically taken advantage of by having them work a tremendous amount of unpaid overtime.
Also, salaries are generally the least attractive part of being paid as a CEO. Taking the majority of your compensation as stock options allows you to avoid income tax.
Then why is their salary extremely insanely out of proportion in a destructive manner orders of magnitude over any sane number?
Their total compensation is..... But, the vast majority of their compensation packages are made up of stock options and bonuses.
I'm not claiming that they aren't being paid way too much money, just that when people talk about a salary employee they don't typically think of the CEO.