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Ed Zitron @zitron.bsky.social · 6 days
Newsletter: The Shareholder Supremacy has eaten the world, turning the tech industry into the playground of do-nothing management dictators that see human beings as assets and the customer as subordinate to growth - all inspired by GE’s Jack Welch. www.wheresyoured.at/tss/
The Shareholder Supremacywww.wheresyoured.at I promise you, everything that's happening makes sense. It all feels so chaotic, so utterly, offensively stupid, so disconnected from reality that it's hard to understand how Meta can run a terrible company with decaying services that's also wildly profitable, or how Meta, Microsoft and Google can proliferate unprofitable, unsustainable
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Geoff Staneff @gstaneff.bsky.social · 5 days
Always thought Friedman had an outsized part in this story too. Hard to see around freshwater mathiness leading directly to fraud (and the 80s junk-bond LBOs). Product Managers tagged because of the structural position of the role. It is a nexus of control: attractive to power seekers.
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Ed Zitron @zitron.bsky.social · 5 days
He did but the piece was already 11k
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Geoff Staneff @gstaneff.bsky.social · 5 days
I'd have read more. I already had a dislike of Welch, coming up in Microsoft where his practices were adored long after they stopped being practiced at GE. Learning he started in Plastics makes him worse.