DamnWolves!
kiwifarms.net
- Joined
- Jan 30, 2021
I make decisions at a public company. We give revenue guidance to the street and if we miss those numbers, we'd better have a better reason than "we wanted to be nice to our customers". The easiest way to do that is to raise prices and right now, inflation gives a perfect reason/excuse to do so. People are expecting to pay more for things, so we indulge them. Our job is to maximize profits, sometimes this quarter, sometimes 5 years from now, but don't ever think it isn't about the money. If we don't bring the money, we don't keep our jobs and neither does the board. I'm totally fine with this, by the way--if you want to start a cereal charity, you can. Buy the no name cereal if it's that big a deal. We don't owe you anything and the sooner you realize that, the happier you'll be--I wish more corporations would be honest about that instead of pantomiming "social responsibility", but hey, that's in service of profit too.
People hold stock for the speculative value as much as the dividend. Plenty of stocks have no implicit rate of return. Even if a company like Kellog's posts a loss this Q, it's not like everyone's just going to cash out and they'll be worthless. 10 year t-bills are at like 1.4%, so it's really not hard to do better than that. Besides, Treasuries are much more than just investments... they're what the Fed uses to control the economy. They're at historic lows because the government thinks you need to put your money at risk in the market (despite the hot, hot stock market), so it wants to discourage you from buying them.
Lol, no.
What the fuck are you talking about? Raising cereal prices is not going to lead to "hyperinflation". Inflation is a macroeconomic concept; not a microeconomic one.
Inflation is like 8%; if you aren't raising prices in this economy, you basically deserve to be fired. If their analytics department determines they overtuned it, they'll quietly walk it back a few months from now.
You gotta wonder what hole this guy crawled out of to be able to claim that scraping by with your no-fertilizer potato harvest, giving half your crop to your Lord, and then starving to death in the dead of winter as he prima noctas your new peasant wife in his keep is better than the degenerate cozy life he now leads from his basement. People used to literally starve to death if they were poor, and now the poor are some of our fattest people. Half his shit was about how "they had more meaning in their lives", apparently failing to realize that he can seek out those exact same forms of meaning if he wants. Nothing stops him from going to church and finding meaning in religion, and I'm sure there are plenty of farms looking for help with the harvest, if that's the kind of life he wants to live.
