Strong story doesn't save companies. Strong work do!
I like that and He's correct—companies survive on output, not narrative.
But that's a principle for stable times.
When the house is already on fire, "just keep working hard" starts to sound less like wisdom and more like a way to keep people holding the hose while the roof caves in. It won't save anyone.
@21n 401k typo before the deflectors start posting.
@x8 That doesn’t change the fact that it isn’t hard to become a millionaire. The vast majority of people simply lack spending and saving discipline. Those are the same people who complain about “rich people”. You don’t have to believe me. Do the math yourself.
How much does one need to invest ON AVERAGE per month in an index fund from age 20 to age 60 to end up with almost 1.4 million dollars? The number is shockingly low. That’s not even counting your employer matching your 402k contributions. But most people have FOMO, “need” their $5 coffee every day, drink, smoke, get tattoos, buy a new car every couple of years, etc. I guess they aren’t mad enough yet at being broke.
@x2 Yeah, why would you want to take advice from people who know how to become a millionaire? Keep doing what you’re doing. 😂
EH and the senior executive team do not have a plan to turn things around and, even if they did, they don’t have the leaders throughout the ranks to execute it. “Win now” is an empty slogan, not a strategy.
@rv Now look up the stats of people that are millionaires not including their home value, which isn't something you can really leverage, it's way way lower (less than 6 million / 4.5%)
Yeah getting life advice from rich people isn’t particularly helpful. In most cases they built their wealth on the backs of others and by their willingness not to give a sh*t about anyone else.
@aq If you think becoming a millionaire is hard, then you aren’t very good at basic math. It’s not hard at all. It takes discipline and time. The evidence? There are about 25 MILLION millionaires in the U.S. right now. It isn’t rare at all.
Most good folks left around 2022-23.
Get your talent management back in order. Then people will commit.
Hard to listen to millionaires and billionaires say it is going to be fine, when we just keep laying off people. The people who actually know the company and business these days.
Get bent EH and PK.
This can't be right. All I heard for last few years is that everything is about "storytelling".
Welp, too bad the c-suite didn't prioritize the employees who are supposed to perform all this hard work. Their compensation packages were just too important.
Continuing to work hard for Nike is simply off the table, now and for the foreseeable future.