• alcoholicorn@lemmy.ml
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    4 months ago

    Which part are you having trouble with?

    Shareholders elect a CEO based on expected effect on dividends and share prices (for spherical capitalists in a vacuum, in reality class consciousness, nepotism, etc play into it)

    Profit is a function of revenue minus expenses (such as wages); to increase this, you can either get more out of the labor you’re buying or buy that labor at a lower price.

    I’m sure you might be able to find a “better” CEO who fails to prioritize profit at the expense of the owners, but capitalists who only pick losers get out competed by more efficient ones.