Comment European companies vs. American companies (Score 1) 153
``European blue-chip firms sell products that are improved versions of what they sold in the 20th century -- turbines, shampoos, vaccines, jetliners. American star firms peddle AI chatbots, cloud computers, reusable rockets. Nvidia is worth more than the European Union's 20 biggest listed firms combined. Microsoft, Google, and Meta each fired over 10,000 staff in recent years despite thriving businesses.''
Perversely, Wall Street rewards those companies that lay off employees by the thousands. Not so much those stable companies that make more improved products but may only have modest growth and increasing profitability. That used to be rewarded. (IMHO, a company that has to resort to laying off a thousand here and a thousand there are being mismanaged.)