this post was submitted on 22 Aug 2024
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Anything that makes you apply your hand to your face.
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I realize as a mere pawn in the giant corporate chess game I have no right to ask this question.
But how in the ever loving fuck is this man providing that much value that he can justify this kind of action. There wasn't another candidate for the job that could do 90% of the same work, but was willing to live in the same zip code as their employees and save the cost and emissions of this commute? I guess this man will result in the most profit for shareholders. I can't even comprehend how someone can justify it, though.
This is really about class and a small club of inside people who are wealthy and have a lot of shit cornered.
His "value" is he can schmooze and stroke egos
He’s not providing value. He’s showing off.
To be a successful CEO at this level you need to have zero morals and be the most sociopathic person society has to offer. It really tracks when you see stories like this.
No other person has the chipotle experience he has.
Chipotle is up 135.78% above the s&p 500 over past 5 years.
All of that growth is directly attributable to the CEO (/s)
That growth is also directly attributable to short term gains that will ruin the future of the company.
The price of a share is supposed to reflect the expected discounted value of all future dividends.
As long as the shareholders can sell at a higher price, they don't care about short vs long term.
But then who's gonna do the remaining 10%? Oh wait..
See? It goes around and around.