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this post was submitted on 13 Jan 2024
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Because it improves short term profits, so the stock goes up, so both shareholders and execs are happy with their big payouts. The rest is just collateral, they don’t care.
Last I checked the average tenure of a CEO was less than 2 years.
As long as the problems only properly start getting felt a couple of years later, all such "save a bit now, pay a lot later" strategies are ideal for CEOs as they optimize their bonuses.
As for other people, well, these types are usually far into the sociopath side of the spectrum so they don't feel the pain of others, don't worry about the harm for others, and have no shame whatsoever.
I know.