There is typically a CEO, and then a board above that.
Also, being at or very near the top can be a privileged club. The existing members can be picky about who they want to let in.
Also, being at or very near the top can be a privileged club. The existing members can be picky about who they want to let in.
. . . and the law is being made by lawmakers who are being bought off by lobbyists who are paid and funded by the corporations who will benefit from those laws. Rinse and repeat.
A free, no subscription article on the subject: https://scholarship.law.upenn.edu/cgi/viewcontent.cgi?article=1002&context=fisch_2016
In my view it can go too extreme ether way, shareholder or stakeholder. Right now we have gone too far the shareholder direction.
In my view it can go too extreme ether way, shareholder or stakeholder. Right now we have gone too far the shareholder direction.
That is why I like the law in Germany which stipulates that every company with more than a certain number of employees (25 I think) must have a union representative as a permanent member of the board of directors.
It's a strange situation, with these fictitious valuations, as it's effectively impossible to realise that value, ie cash in. There's an element of Emperor's new clothes about it, it's a self sustaining illusion. Internet data is a similar thing, collected data is traded for silly money, but I don't think anyone has actually tried to measure if there is any real value in all that personal data. It mostly seems incorrect, or useless at targeting advertising that probably doesn't work anyway. But no-one dares admit that. I can't help think that there is a big valuation crash lurking in the near future...
I worked in big finance when the bubble burst. The way they bundled securities at the end was frightening. The game is called rehypothecation. That's where the same collateral is used not as security for one loan, but 10 or a hundred or a thousand loans. When the bubble pops it's like musical chairs with one chair and a thousand players. There's a technical term for this I can't print here, but let's just say there's a whole lot of fallout. It was ugly and everybody lost their jobs and retirement accounts in one big financial fart.
"Calling the BS out" You just explained why I'll never get a respectable job again. I didn't stand there blowing the whistle; I just stood firm in a hurricane of lies and BS. Bad Eddie. But I still have my integrity and man oh man am I loathed for it. It's a stain on my permanent record.
By the way, I was encouraged to get an MBA by my academic advisors and mentors. They explained that the MBA degree was tailored to engineering students so that someone with technical knowledge could run a company. That was way back in the 1970s. It doesn't mean much anymore; they're a dime a dozen and many of them are stupid.
I've never even heard of any of those brands. "High end" here means there's more stuff to break.
There was a definite shift in the finance industry right abut the time I got laid off. When I started (in 1988), integrity was Requirement Number One. When I was laid off, integrity was a big red flag. They loathed do-gooders. They only want to hire scumbags now to work in finance.
There was a complete changing of the guard. I'm grateful I worked in the industry when I did. It was a hell of a lesson.
There was a complete changing of the guard. I'm grateful I worked in the industry when I did. It was a hell of a lesson.
One thing thing those companies have in common is that they are all family-owned.
Liebherr are mostly into refrigeration from domestic fridges all the way to cold storage warehouses. They also produce cranes and dump trucks used in open cast mining. Their T 282B is the second largest with a 360t payload.
If one of their fridges breaks down during the warranty term (they won't) they will send their own engineers to repair it.
Miele make domestic and commercial washing machines. My wife used to work in a place for people threatened by abuse. They used domestic washing machines which were in use practically 24/7. None broke down during the 8 years she worked there. Miele banks on a >20 year service life of their washers. Their professional range is popular in Laundromats.
I've had my Dualit toaster for about 30 years now. No issues but if there were any they are completely serviceable.
Liebherr are mostly into refrigeration from domestic fridges all the way to cold storage warehouses. They also produce cranes and dump trucks used in open cast mining. Their T 282B is the second largest with a 360t payload.
If one of their fridges breaks down during the warranty term (they won't) they will send their own engineers to repair it.
Miele make domestic and commercial washing machines. My wife used to work in a place for people threatened by abuse. They used domestic washing machines which were in use practically 24/7. None broke down during the 8 years she worked there. Miele banks on a >20 year service life of their washers. Their professional range is popular in Laundromats.
I've had my Dualit toaster for about 30 years now. No issues but if there were any they are completely serviceable.
"Where are the customer's yachts?". Read the histories from the time or railroad barons through the nifty-fifty, dot-com bubble and GFC.
They change the players, not the play.
Liar's Poker was set in the 1980s as I recall, and skullduggery abounded back then. It's a hell of a read; I can almost see the mortgage traders throwing phones and huge plates of Mexican food.
We have a Miele washing machine. I insisted on after the one from another company (not American) literally flew apart. The family still laugh about it.
There’s an old adage in consumer products: if it involves rotating machinery, buy German. Exactly the same with autos.
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I think the Netherlands is the same. In big European companies they have two boards IIRC - the operating board (CEO and crew) and then the supervisory board. Keeps a check on CEO pay and bonuses.
As regards the specific Alaska Airlines incident that must be yet again adding to Boeing’s dyspepsia, the following article gives I think a Cole’s Notes explanation of the technicality involved. IINM, the 737-9 is a class that allows a range of seating capacities, of which beyond a certain number the FAA mandates a rear passenger entry. Those doors add not only cost but weight to the vehicle - both of which of course cut into profitability; so by limiting the seating capacity below that threshold, the airlines are betting on fattening ever slimming margins in a highly competitive marketplace. Of course, what they’re assuming on a series proudly crowed by Boeing years ago to be “the safest airliners ever”, is that they wouldn’t literally come apart at the seams at less than 1/2 maximum flight altitude.
https://www.kgw.com/article/news/lo...iner/283-2f5d3371-fec8-409c-86e4-88658d0acd02
https://www.kgw.com/article/news/lo...iner/283-2f5d3371-fec8-409c-86e4-88658d0acd02
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This link isn't paywalled:
https://truthout.org/video/workers-...d-to-falsify-records-new-investigation-finds/
But its source is THIS link, which IS paywalled:
https://www.levernews.com/boeing-su...ve-amount-of-defects-former-employees-allege/
But if it's true we'll eventually see it everywhere anyway.
https://truthout.org/video/workers-...d-to-falsify-records-new-investigation-finds/
But its source is THIS link, which IS paywalled:
https://www.levernews.com/boeing-su...ve-amount-of-defects-former-employees-allege/
But if it's true we'll eventually see it everywhere anyway.
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