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Janitor all the way.
(lemmy.world)
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this post was submitted on 12 Mar 2024
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Microblog Memes
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Which part are you having trouble with?
Shareholders elect a CEO based on expected effect on dividends and share prices (for spherical capitalists in a vacuum, in reality class consciousness, nepotism, etc play into it)
Profit is a function of revenue minus expenses (such as wages); to increase this, you can either get more out of the labor you're buying or buy that labor at a lower price.
I'm sure you might be able to find a "better" CEO who fails to prioritize profit at the expense of the owners, but capitalists who only pick losers get out competed by more efficient ones.