Good question, how to turn around. It would be a long hard road to haul but think it has to start with lobbyists and resetting a companies fiduciary obligation to Wall St. As companies fiduciary obligation should be to America and Main St first!
Internal benefit changes. Companies cutting employee benefits including total elimination of healthcare benefits upon retirement is common these days. Most private sector pensions have been frozen a decade or more ago. Air Products employees were extremely fortunate to have avoided the 21st century business model for this long. Wall St investor activist Bill Ackman changed the landscape. In today's world it is the fiduciary obligation of the company to maximize shareholder value. This obligation comes at the expense of many employees. IMO investor activists are killing America. Why? Yes they generally increase shareholder value and are applauded. This is almost exclusively done by cost cutting, not growth. The workforce is cut and those left have to work 20 or more OT hours with no overtime pay and foresake much vacation and holiday time. Employee health and family life suffers greatly. On the back of these employees the stock price rises but in the end the core strengths of the company often have been gutted. By then the investor activist, his hand selected CEO, and his hand selected hires have taken their exorbitant financial packages and are on to their next conquest while destroying anther middle class America job generator along the way.