If consumers had any taste, McDonald’s would have gone out of business decades ago.
Comment on Starbucks’ new CEO faces backlash over 1,000-mile commute to Seattle office
Serinus@lemmy.world 4 weeks agoIt won’t last. It just takes awhile for consumers to figure out that your product is now shit.
Most people aren’t visiting every day to notice the price increases or the quality decreases. And the first or second time it’s often written off as just an outlier.
Of course there’s variance per customer, but it takes a couple years before you really earn the shitty reputation of something like Dominos circa 2014. In the meantime, line looks like this before it drops. And by that time you’re CEO of a different company.
Cornelius_Wangenheim@lemmy.world 4 weeks ago
slaacaa@lemmy.world 4 weeks ago
They don’t care about long-term, line must go up now. If he can do a similar stock price pump in the next few years to Starbucks by cost cutting and some bullshit projects, they will be rich and happy.
lanolinoil@lemmy.world 4 weeks ago
you underestimate how corrupt, short term and opportunist the markets are I think
kautau@lemmy.world 4 weeks ago
Yeah it’s like a big cult, the real market doesn’t matter to anyone, they just rotate CEOs when that hits. It’s always and forever about next quarter growth, nothing else matters.