But the shareholders have been taken care of, right? Is the sacred shareholder OKAY?
Never mind that a famed company has been dismantled to pump the stock for a few years (and how long it took is a testament to its former excellence).
https://www.amazon.com/Flying-Blind-Tragedy-Fall-Boeing/dp/0...
We have a serious problem with corporate governance in this country. To be clear, it should NOT BE POSSIBLE to hollow out and destroy a company in this way and be rewarded for it by wall street. We keep blaming the bad actors, but the truth is, the regulators are at fault: It should be impossible to profit in this way. Changes to corporate governance rules would leave this still possible for private companies, but public companies would be judged differently and to a higher standard. Anyone here a public policy wonk who can explain how to change this?