I work for a big company, which used to be 178 on the fortune list. It has heavily declined to 531. One main contributing factor is called DEI. They just create these upper management jobs out of nowhere and hire POCs to brag that majority of the leadership is minorities! They all get in groups and pat each others backs while trying to gut and decimate the front line workers' numbers, morals, morale and pay. Unfortunately it is a monopoly and will be guaranteed a profit by the gov.Interesting thought. Has anyone noticed that a number of companies that used to be known for quality products (thus commanding a price premium) have had a substantial quality decline? The only thing supporting their price premium is their name and former quality.
The Ivy leagues suffer from the same problem. They have been coasting on their reputation for decades, while jacking up their prices and reducing their quality. Now they are selling a **** product for a massive premium.
Eventually, all but the utterly clueless will figure that out and they will go the way of Sears.
Can't happen soon enough.
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