5 ms·
This generation of CEOs will go into the history books as the worst.
by rednerrus 3y ago
This generation of CEOs will go into the history books as the worst.
- c0pium 3y agoRobber barons who hired the Pinkerton detectives to kill their striking workers would like a word.
- emptysongglass 3y agoFor what it's worth, Hasbro did hire Pinkertons to show up at an innocent man's house last April.
- Sohcahtoa82 3y agoMy admittedly naive opinion is that the current generation of CEOs have decided to define a company's growth by headcount rather than revenue or profit. They don't put enough consideration into whether they need more people. They adopt the Project Manager mindset of thinking 9 women can produce a baby in 1 month if they work together. Just because 20 engineers produced a product that created a product that produces $100M ARR doesn't mean that 100 engineers will produce a product that produces $500M ARR.
- octacat 3y agoThe mindset is just follow the crowd to get average results, but to avoid risk of being blamed when stuff goes wrong.
- konschubert 3y agoBecause they overhired during the cheep money spree?
- deleted 3y ago[deleted]
- nobleach 3y ago"Overhired" is not always the best way to describe "hired with intentions to do things while capital was cheap". I saw a bunch of startups and larger that really did intend to build things. When hard times hit, some shut down. Some cancelled any lofty project that wasn't already committing to their bottom line. So the solution is, "never hire headcount to work on a project that might not be financially viable in a recession"? Help me see another solution here.
- konschubert 3y agoI think I agree with you. I was just poking fun at the above comment who was blaming “managers” for what I think is mostly monetary policy.
- rednerrus 3y agoBecause they seem to think that saving money offers more value to shareholders than creating additional value. I'm not sure they know how to offer new value.
- konschubert 3y agoThe ideal size of any company is not infinite, especially in a tight labour market.
- Exoristos 3y agoThe executives who committed the vulture-capital mergers and bridge-burning outsourcing of the late '90s and early '00s were much worse.
- vineyardmike 3y agoOutsourcing has always and continues to be a thing. Last year when Google laid of their big tranche they moved a ton of those projects to india. Just look at the recent HN articles about Bending Spoons laying off entire companies in mergers.
- rednerrus 3y agoYou get what you pay for. I've yet to be involved in an off shore project that went well and I've been close to them for 10 years.