The problem is shareholders; The fact that extracting money out of the company is prioritised over the stability of the company. This leads to unstable companies which are vulnerable to shit like this.
WB would not be verging on the edge of bankruptcy if it was privately held.
The problem is shareholders; The fact that extracting money out of the company is prioritised over the stability of the company. This leads to unstable companies which are vulnerable to shit like this.
WB would not be verging on the edge of bankruptcy if it was privately held.
Extracting money out is the epitome of capitalism. The entire point.
The problem is capitalism.