this post was submitted on 12 Mar 2025
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Work Reform

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[–] [email protected] 1 points 1 day ago

I'm theory, the board of directors is supposed to keep a CEO in check if they do something that is against the best interest of the shareholders. But the share price actually went up after he made this move.

Same reason share prices often go up when a company announces layoffs. The market isn't always tied to how well a business is run.