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Originally Posted by TommyCh
Hell, a top suit at Churchill Down Inc. stated almost gleefully recently that CDI is no longer a horse racing company. His tone was "yeah, we'll continue to run the Derby (because it's so damn profitable), but if it wasn't, we'd be out of it. We're on to better things now." CDI's social stratification of the Derby and Churchill Downs is disgusting, with bleeding the racing fan's rock dry as its main goal.
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This is a problem that permeates the core fiber of business in America. I don't know what's in the water in these business schools, but as long as these dimwits at the top are rewarded with golden parachutes for running a business into the ground, it won't change. All these people know is cut expenses to boost profits. This is a short term fallacy for the sake of dressing up the balance sheet. They cut expenses until there is no value left in their product or service. It hurts the working population and the country as a whole. It's not business, it's anti-business (or madness).
