this post was submitted on 16 Dec 2024
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Bakers make bread. Kill the baker and you got no more bread at all. Bad analogy.
Yeah. Meanwhile killing CEOs has no drawbacks because they do nothing of value and horde all the money which can be used for better than just choking the economy for everyone else.
CEOs aren't solely at fault, though. The board of directors is responsible for setting broad policies which might involve increasing profit even at the cost of human lives. And most publicly traded corporations have mission statements that explicitly prioritize profit over all other concerns because otherwise their shares wouldn't be as attractive on the stock market.
Mind you, making the CEO job unattractive will make it harder to find people who implement board policies. But ultimately that's a punctual relief attempt for a systemic issue – the way the stock market operates. Things will not improve as long as we not just allow but require companies to increase profit no matter what.