Posted on 01/06/2023 6:29:36 AM PST by MtnClimber
More like, ‘Sorry. Not Sorry.’
They don’t care. Who holds them accountable? Government at ANY level? Not that I’ve ever seen.
What choice do we have? It’s not like we can buy energy from anywhere other than where we live...
Tale as old as time.
Successful business use high performers from Operations and Production who are experts in the company’s products and services, and know their customers, as Line Mangers, Profit and Loss (P/L) Managers, and Corporate Leaders.
nascarnation used the Southwest Airlines fiasco as an example. Contrast with Eddie Rickenbacker at Eastern Airlines.
Go to the website of any publicly traded company you might be interested in investing in, and click on the link to “Our Leadership.”
Count the number of MBAs, Accountants, and Lawyers, assigning -1 point for each.
Count the number of Engineers, Scientists, Technical, and Product experts. Recognize that some of the latter obtained graduate degrees in Business, Law, and Accounting for protective coloration and to advance their careers. Assign +1 point for each.
Count the number people with degrees in Human Resources, the Social Sciences, Education, and anything else that smacks of Diversity, Inclusion, and Equality (DIE). Assign -5 points for each.
Total up the scores and use them to rank order your candidate companies for investment. Your results will be a far more accurate predictor of future performance than anything Morningstar or any other conventional stock rating service can provide.
If you are invested in a successful company, and there is an influx of MBAs, Lawyers, Accountants, and DIE advocates among corporate leadership, particularly if triggered by a liquidity event, it’s time to sell.
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