cross-posted from: https://hexbear.net/post/830212
The absolutely beautiful reason that I can tell that they still aren’t agreeing to Fords concessions is because they in solidarity with new workers that don’t even exist yet, are demanding that Fords new battery plants they are building be placed under the same labor agreement they are fighting for.
“The UAW, according to Ford officials, has taken a hard line on requiring the company’s four new battery plants be placed under the terms of the labor agreement.”
Ford: We got the cash but we’d rather shoot ourselves in the foot and cut off a leg. Those MBA jerks running the companies are morons.
I legitimately believe, in my heart of hearts, that people will business degrees more than anyone else have ruined this world.
https://en.m.wikipedia.org/wiki/Jack_Welch
That one in particular, in my estimation.
Yes what a bastard. Destroyed the silent agreement between management and workers and inevitably the middle class one day
Couldn’t agree more. This man has done so much damage to humanity and the Earth.
Why do you even have a rank ordered list of who ruined the world?
Let me start by saying i agree with you. I’d like to add that nowhere in my academic journey through a state accredited business college did they teach us that the goal of business is to screw workers. That shit is taught by sociopaths to other sociopaths in the corporate world. Fuck em all.
I dunno man, I had a management professor raise an argument that a publicly traded business had only one function, and that was to provide value to its shareholders. Anything else, such as charitable donations, could be considered stealing from its shareholders - unless it provided a return on investment (e.g. a charitable donation provided good PR which caused more people to buy your product).
I don’t think the professor truly believed the argument he was making, but more presenting it as a “this is how many successful businesses operate and how they justify it”.
I’ll second this, from someone with a MBA as well. While it’s technically the end goal is to provide a return on investment to shareholders, if you’re a publicly traded company. There are also B corps as well nowadays, which seek to give back to the greater world. The problem with capitalism, is that, in theory, it acts like a parasite, when it SHOULD be acting like a symbiotic entity. Short term gains are never sustainable, big picture should be the top priority. Part of the reason why I love small business and non profits, they try and live in harmony with their neighbors, in theory.