Management is also fired in this instance. What you are probably suggesting is that management should have been fired sooner and replaced with competent ones. That is the job of the board, who is the proxy for shareholders. Since the board didn't do its job properly, their shares are also going to zero.
Again, working as intended. There should be no free lunch or bailouts for incompetent work.
The people being punished aren't the board or the management, those will fail upwards to other cushy roles.
The people being punished are the workers and the consumers.
If the board is unable to bring their house in order, the state should fire them, not let their incompetence ruin the lives of the working class.
I agree with GP that this is "capitalism working as it should", e.g. inflicting cruelty on working people while funnelling more wealth upwards. I disagree with the assessment of that being a good thing.
> If the board is unable to bring their house in order, the state should fire them, not let their incompetence ruin the lives of the working class.
Oh no please! Last thing I want is letting Donald Trump (or AOC if you are a right-winger) decide which board to fire based on their whims about a company.
> I disagree with the assessment of that being a good thing.
> affirmative action being destroyed by the Trump administration.
Affirmative action was gutted by SCOTUS when Biden was president. Not that it was popular before. California of all places rejected it by 56-44 margin in 2020.
(non-chinese) asian equivalent of whatsapp is still whatsapp, it completely dominates in some of the biggest asian countries like india, indonesia or pakistan along with a bunch of other smaller places
TIL about karoshi, or “death from overwork”. With that kind of culture, no wonder Japanese population is in decline. Why have kids if you are expected to work 12, 14, 16 hours a day? Who is going to nurture those kids?
Though such toxic workplace culture still exists, it has changed significantly over the past two decades.
The decline in population is a complex issue, and "time expected at work" is one of many factors contributing to it.
But most of the people live in countries with death penalties. All the top 6 countries by population have death penalty and only 4 out of biggest 17 countries do not have death penalty.
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