this post was submitted on 03 Jul 2026
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[–] PalmTreeIsBestTree@lemmy.world 6 points 6 hours ago* (last edited 6 hours ago) (1 children)

Most publicly traded companies are ran by a revolving door of CEOs from around the world. They live a totally different lifestyle from normal people. The majority of wealthy people are not aligned to any country. Only to money.

[–] CanIFishHere@lemmy.ca 1 points 4 hours ago (1 children)

Most CEO's have a 'big item agenda' which they implement in 5-7 years. After that, it's time to move on to look for the next challenge. I'm not convinced that's a bad thing in and of itself as it provides new insights and goals for the company.

[–] PalmTreeIsBestTree@lemmy.world 2 points 3 hours ago (1 children)

Sometimes this works and sometimes the company dies due to the incompetent new CEO or is a CEO hired by a hostile takeover private equity firm to extract as much money from it as possible.

[–] CanIFishHere@lemmy.ca 1 points 2 hours ago

Nothing is 100%, so for sure.