Quote:
Originally Posted by GioforPM
The real world doesn't have a salary cap, employees who can be traded (but only a limited number of companies they can go to), and mainly doesn't have term limited contracts that limit parties' ability to renegotiate, terminate or amend.
And yeah, business organizations hope for or against stuff with the downside being "the company is screwed" all the time. Or did you miss the real estate crash, the oil crash or interest rate hikes.
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Every time someone mentions things like "in the real world..." or "in business..." in relation to the job of a GM, risk assessment, asset management, or anything like that, it's almost always immediately clear that they have no practical understanding of or on-job experience with decision making in any corporate realm related to any of those things.
The idea that executives never take risks where the risk of it not paying off is damaging or costly in the range of hundreds of thousands or even millions of dollars, or that anyone who did would be immediately fired for taking that risk, is laughably naive.