6 ms·
I would love to learn more why Elsevier _only_ reports a profit of 37%? I've read here on HN and elsewhere multiple times, that most of the work done is outsou
by chinathrow 11y ago
I would love to learn more why Elsevier _only_ reports a profit of 37%?
I've read here on HN and elsewhere multiple times, that most of the work done is outsourced to third party labor, which is done essentially for free:
- writing papers
- organising reviews
- reviewing papers
- teh 11y agoI worked as a contractor for MacMillan (they publish nature) and it's hard to believe how much money they spend for no results. The project I was on had been running for a year when I joined. I noped out after three months and I heard it was shut down a few months after I left with nothing to show. That was 4-6 people full time and my entire floor of 80 people was full of projects like that - projects you never heard of. The weird thing is that everyone I worked with directly was very smart, and went on to do cool stuff. Summary: If I had to guess the remaining profit is wasted on silly projects and high manager salaries.