CEO turnovers are up — considerably, at possibly the highest rate in years.

One of the reasons cited by analysts is that while the profits of the “Magnificent Seven” (Microsoft, Apple, Amazon, Alphabet, Nvidia, Meta Platforms, and Tesla) have ballooned in recent years, the returns of other corporations, while perfectly decent, aren’t keeping pace, and the corporate boards of other corporacions are demanding more from their CEOs.

So… everyone wants more profits, and CEO’s who don’t deliver get sacked or are forced out.

At the same time, there are only three ways to increase profits – be more innovative, cut costs, and raise prices. Being more innovative usually means using knowledge and technology to do more with fewer people or less material. Fewer people means more stress on those who remain, and even more stress on those who lose jobs. Less material means less durable products and higher costs to customers over time. Cutting costs means paying people less or paying fewer people and/or paying suppliers less.

In short, pushing for more and more profit screws pretty much everyone (and sometimes even CEOs) except large shareholders.

Or put another way, when is more profit too much? Or is it ever too much?