A recent Wall Street Journal article — an actual article, in the workplace/lifestyle section, not even an op-ed! — laments the recent trend of horrible, lazy workers who, umm … *checks notes* … tak…
Wall street is the psychotic, insatiable, dehumanizing tail that wags the dog, one petulant tantrum-a-minute to the next, and the next, and the next… perpetually.
God forbid anyone in a corporate position of power try and do anything that isn’t indecent and corrosively myopic, else the stampeding Dow Jones zombies go on a goddamned short-selling rampage.
But then people have been saying this for ages now, and still here we are.
I remember a story about a CEO who decided to pay ALL of his employees well. As I remember, all of his middle management left in a huff because they no longer had their higher earnings to hold over their subordinates and feel superior, all of his friends ostracized him and he essentially became a pariah.
Yeah, Dan Price, just went to look it up. Apparently, he had to resign after some allegations against him, which turned out to be false. Something smells off about a man paying employees fairly suddenly getting trumped-up charges that never got properly investigated before being referred to the prosecutor’s office literally the day after he announces the pay stuff.
Interestingly enough, I just put forth the argument in another thread that dismantling the stock market would address a lot of systemic problems. I’m glad it’s not just my own thinking.
Wall street is the psychotic, insatiable, dehumanizing tail that wags the dog, one petulant tantrum-a-minute to the next, and the next, and the next… perpetually.
God forbid anyone in a corporate position of power try and do anything that isn’t indecent and corrosively myopic, else the stampeding Dow Jones zombies go on a goddamned short-selling rampage.
But then people have been saying this for ages now, and still here we are.
EDIT: added “insatiable”
I remember a story about a CEO who decided to pay ALL of his employees well. As I remember, all of his middle management left in a huff because they no longer had their higher earnings to hold over their subordinates and feel superior, all of his friends ostracized him and he essentially became a pariah.
Yeah, Dan Price, just went to look it up. Apparently, he had to resign after some allegations against him, which turned out to be false. Something smells off about a man paying employees fairly suddenly getting trumped-up charges that never got properly investigated before being referred to the prosecutor’s office literally the day after he announces the pay stuff.
https://fortune.com/2023/04/19/gravity-payments-dan-price-assault-charges-are-dropped/
He resigned because someone that has part ownership in the company sued him.
The lawsuit was basically “you’re not acting in a way that is best for the shareholders”
Or in other words “you’re paying the employees more and me less, so I’m mad at you for treating them well”
Thanks for the clarification.
The stock market should be abolished entirely. The driving force behind big business and government decisions should be humanity, not money.
Absolutely!
Interestingly enough, I just put forth the argument in another thread that dismantling the stock market would address a lot of systemic problems. I’m glad it’s not just my own thinking.