£7BN profit? Time to cut the workforce...

[Du1point8]

OdramaSwimLaden said:

Mr E said:

Marty Funkhouser said:

If my company had just made £7BN then I would not make anyone unemployed, regardless of how much more profit it would make - when is it enough???? £10BN? £50BN???

The directors only obligation is to deliver maximum shareholder value. That's it. If that means losing jobs while posting a profit, that is what they *must* do.

OT....but this is why the "Every Veyron cost £5m" argument is total bull. The board of VW would have been ousted if they deliberately lost £4m on every one that went out of the door. The shareholders hold the power and they would not have let it happen.

It was a exercise in what they could do and to prove they could make the best they thought the PR is worth more than the cost of building it.