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this post was submitted on 21 Oct 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Man, it's almost like hollowing out the core value centers of a company in search of short-term growth will leave an empty dying husk that can neither serve in new markets nor continue to exist in their previous niche.
If only there had been some kind of warning about the consequences of this management style. Hey, how's GE doing these days again?
It's not that the money is unaware this kills the business. They know. They don't care because their process is business-agnostic. By design and intent they extract value from the business like it was a capri sun pouch and when line no longer goes up, it's discarded for the next one.
But paying executives in stock options helps "align incentives" or whatever