Emphasis mine
For those of you who are fans of management science, this shift can be characterized as moving away from an orientation on hierarchy and familial cultural norms and towards a more externally focused and competitive market-based culture. I understand that some of you may have started your tour with this company expecting an “employment deal” rooted in loyalty, tenure, and conformance with the associated compensation, work structure, and benefits. We have consciously shifted away from some of these elements and towards a more market-based culture — focused on rewarding capability, contribution, and commitment.
These fucks will fire the people who built the company and give themselves bonuses worth more than the cost of the employee and then wonder why the fuck the company starts falling apart
They don’t wonder. It’s by design. The people who make money on quarterly earnings will get their bag, and the people who actually depend upon the structure for employment or services will have less and less. It’s just capital cannibalizing itself to try and fight the rate of profit. If you’re only invested as far as the next business year at most, then who gives a fuck what happens to the organization in another 2-5? Another reason why worker owned production is better. The services are run by the people who both benefit and provide them, so they have an incentive structure that promotes long term thought rather than a mercenary job to extract as much value as possible, even if that gets stripped from the walls.