this post was submitted on 13 Sep 2023
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Gaming
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I'm not sure why they hired him.
"Hey we're looking for a new captain, why don't we go for the guy who repeatedly sails into rocks? He'll be good."
Unfortunately a story as old as Wall Street. CEOs designed and hired to kill companies are a thing.
Meaning that this is on purpose? If so, who would profit from this? (besides the incompetent CEO themselves)
Short sellers, and the corporation that absorbs them at bargain prices.