President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
Executives are often paid in stock so they’re invested in seeing the price go up.
A corporation’s board of directors (who lead the company and can fire/hire executives) are also paid in stock or have very large stock holdings already.
All the people at the top benefit from seeing that stock price go higher. They care more about stock price than whether or not customers are happy, or if they’re doing right by their employees.
The stock price determines the overall value of the company and has all kinds of ramifications, purchase ability, loan agreements, etc. etc.
Ah, I see. Interesting.
Adding to this:
Executives are often paid in stock so they’re invested in seeing the price go up.
A corporation’s board of directors (who lead the company and can fire/hire executives) are also paid in stock or have very large stock holdings already.
All the people at the top benefit from seeing that stock price go higher. They care more about stock price than whether or not customers are happy, or if they’re doing right by their employees.