It's not technically profit-seeking, they were pursuing no promising outside opportunities having any worthwhile margins or upside at all.
This was internal wealth extraction, partially from the employee pool, that adds to the bottom line the same way, like this institution has been astute enough to better avoid since the 19th century.
Until somewhat recently.
You can't realistically expect decision-makers who have spent zero decades working on the rails to have an optimum outcome compared to those who have spent a lifetime.
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[ 3.2 ms ] story [ 12.4 ms ] threadThis was internal wealth extraction, partially from the employee pool, that adds to the bottom line the same way, like this institution has been astute enough to better avoid since the 19th century.
Until somewhat recently.
You can't realistically expect decision-makers who have spent zero decades working on the rails to have an optimum outcome compared to those who have spent a lifetime.