Recently Presidential Candidate, Mitt Romney’s track record on job creation/retention was questioned because a company with which he was associated (Bain Capital) saved money and maximize profits by cutting jobs.
If you understand that the goal of any corporation is to maximize profits for its shareholders, then you’ll understand why it is a conflict of interests to expect a corporate officer to have a track record of job creation under circumstances when the firm must choose between profits and job retention.
It is unrealistic to expect an effective CEO or corporate officer to have a track record of job creation when they are ultimately beholden to the stockholders, not employees. Consequently, it is preposterous that a former CEO candidate could be both excellent at their corporate position and have a track record of job preservation/creation. At the end of the day, it’s the bottom line is that matters to the corporation.
Nevertheless, the question anyone who’s concerning themselves with whom should be the next POTUS is, does it really matter anyway?
Sources:
A closer look at Mitt Romney’s job creation record
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