Executives think they are the reason we are making money due to their brilliance and reductions in employee headcount. It is the few of us who haven't quit and are working 80 hour weeks that are making it happen and we have about had it. As soon as we quit this whole thing will come crashing down. Its coming and coming soon. January when the robust wages are sh-t prepare for the whole thing to collapse on itself.
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It’s very easy to believe in your own infallibility when you don’t have to do anything to make record profits. The dirty little secret is that we make money in spite of their self-preservation based decisions. A pet rock would have made $10B this quarter without pi----g off the rank and file.
Got it- Jan it all comes down. I'll check back then!
If I was paid $3 million+ per month like KM, I would think I am a genius too.
It has nothing to do with the executives. It is only the market cycle. In this market, everyone is making money. Unfortunately, it is an awful feedback loop. We will be making large amounts of money through all these bad decisions, which will hide their magnitude for now.
What does the number need to be for each of you on a personal basis to keep putting up with the BS? For me, it has to at least be a double digit %.