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It seems like a recurring theme in these "scandals" is that if you put too much pressure on your executives, they end up either quitting or doing something they

by rifung 11y ago

It seems like a recurring theme in these "scandals" is that if you put too much pressure on your executives, they end up either quitting or doing something they shouldn't be doing in order to keep up with your demands. Another example is with VW and their diesel emissions. I feel like people just have a difficult time saying they were wrong or pushing back and saying they can't do something. I am guilty of this myself.

jaxomlotus 11y ago
It's because VCs would rather their investments would take risks then not. With risks, at least there is a chance you will accomplish great things (and there is only a chance you will get caught if your risk wasn't fully above the board). But if you don't take risks, there is no chance of accomplishing great things. I think boards should be held responsible for encouraging these kinds of risks, but let's be honest - by focusing VC returns on maximizing investment outcomes, the system is set up this way.
mcguire 11y ago
"You" who? The system can be as rotten as you like, but in any particular case, at some point, someone said, "Let's start cutting corners."
- bsder 11y ago
  > The system can be as rotten as you like, but in any particular case, at some point, someone said, "Let's start cutting corners." Yes, but... Normally things like this build up gradually from "just one step" on something that is patently stupid. And, let's face it, if you can get a certification from an online course, it's stupid, prima facie. So, you need to get one more person online to file benefits. Get them certified. Okay, these certifications are stupid and any idiot can sit through these. Okay, let's get the same idiot to sit through each one. Okay, we're still not getting certified fast enough. Okay, hire more idiots to sit through this. Okay, but they'll have to learn this. Okay, let's put some programmers on this so we only need one idiot to do things on multiple sessions. Okay, now that we have the macro, we don't need the idiot anymore. etc. If the feds weren't clamping down on this, everybody would be singing their praises like Uber and AirBnB. It's all about the bandwagon, baby.

by rifung 11y ago

jaxomlotus 11y ago

It's because VCs would rather their investments would take risks then not. With risks, at least there is a chance you will accomplish great things (and there is only a chance you will get caught if your risk wasn't fully above the board). But if you don't take risks, there is no chance of accomplishing great things. I think boards should be held responsible for encouraging these kinds of risks, but let's be honest - by focusing VC returns on maximizing investment outcomes, the system is set up this way.

mcguire 11y ago

"You" who? The system can be as rotten as you like, but in any particular case, at some point, someone said, "Let's start cutting corners."

bsder 11y ago
> The system can be as rotten as you like, but in any particular case, at some point, someone said, "Let's start cutting corners." Yes, but... Normally things like this build up gradually from "just one step" on something that is patently stupid. And, let's face it, if you can get a certification from an online course, it's stupid, prima facie. So, you need to get one more person online to file benefits. Get them certified. Okay, these certifications are stupid and any idiot can sit through these. Okay, let's get the same idiot to sit through each one. Okay, we're still not getting certified fast enough. Okay, hire more idiots to sit through this. Okay, but they'll have to learn this. Okay, let's put some programmers on this so we only need one idiot to do things on multiple sessions. Okay, now that we have the macro, we don't need the idiot anymore. etc. If the feds weren't clamping down on this, everybody would be singing their praises like Uber and AirBnB. It's all about the bandwagon, baby.