No, making money is not a legal obligation. CEO at my last job told the board, two years in a row, that intended to lose money so we could invest in our people and tech. They cheered him.
The sad part is this is actually his job description and Alphabet could get sued by shareholders if he didn‘t do exactly that. The stock market needs to be criminalized, not glorified as the one truth like it‘s treated right now.
Watch his recent interview with Nilay Patel from The Verge. Watching him dance around questions about this was painful.
This man only cares about increasing Alphabet stock prices to ensure as large a golden parachute as possible on the way out.
This Is literally his legal obligation, welcome to capitalism
No, making money is not a legal obligation. CEO at my last job told the board, two years in a row, that intended to lose money so we could invest in our people and tech. They cheered him.
The sad part is this is actually his job description and Alphabet could get sued by shareholders if he didn‘t do exactly that. The stock market needs to be criminalized, not glorified as the one truth like it‘s treated right now.
You described all executives everywhere.