Well, they are responding to the threat of an activist investor with the theory is that this will generate more profit. Maybe it will and maybe it will be good for the company in the long run, but sometimes these activists aren't a healthy part of the capitalist ecosystem - just parasites who hollow out great companies to the detriment of consumers, workers, and communities.
“…sometimes these activists aren't a healthy part of the capitalist ecosystem - just parasites who hollow out great companies to the detriment of consumers, workers, and communities.”
In our late stage Capitalism I would say it is most of the time that the activists are parasites.
Exactly. Southwest is engaging in what is called a “competitive response.”
Well, they are responding to the threat of an activist investor with the theory is that this will generate more profit. Maybe it will and maybe it will be good for the company in the long run, but sometimes these activists aren't a healthy part of the capitalist ecosystem - just parasites who hollow out great companies to the detriment of consumers, workers, and communities.
“…sometimes these activists aren't a healthy part of the capitalist ecosystem - just parasites who hollow out great companies to the detriment of consumers, workers, and communities.”
In our late stage Capitalism I would say it is most of the time that the activists are parasites.