Not an issue if they grow the business, which is what they’re paid to do.
They have a social responsibility, as well as a business one. It’s not worth creating great profits if the business itself is eroded away because they have not respected these responsibilities. Executives don’t see this as possible and that culture can be driven by new hires being reneducated and creating greater staff turnover. You know, the whole “if you don’t like it, leave”. A disgusting social view which has lead to the lowest team morale in history, and huge drop in net promoter scores will surely follow.
To say on one hand, reward the people for the good work they do, and on the other pay them the lowest rates is an absolute oxymoronic view.
Given the QF group stated value ROIC is 10%, and the JQ group is operating at closer to 15-17%, tells me they want blood out of a stone to maintain the 10% during rough times and protect the share price, while failing to reward staff during the good.