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It is based on observations I made when working closely with four leaders that I consider extraordinary: Ed Catmull (Pixar’s founder), Steve Jobs (Pixar’s
by sbierwagen 10y ago
It is based on observations I made when working closely
with four leaders that I consider extraordinary: Ed
Catmull (Pixar’s founder), Steve Jobs (Pixar’s CEO), John
Lasseter (Pixar’s Chief Creative Officer), and Bob Iger
(Disney’s CEO).
All four of these guys were involved in wage-fixing, which cost their companies $415 million. https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...
So, "extraordinary" in the sense of being extraordinarily unprofitable.
- deleted 10y ago[deleted]
- johnrob 10y agoThe value of the labor managed by those leaders was over 100X greater than $415 million. Unprofitable is not the right term here (something ethical instead?).
- jrowley 10y agoExactly, Apple alone is one of the most profitable businesses of all time.
- sbierwagen 10y agoThat's irrelevant. The question is if the money those companies saved by illegally depressing wages was greater than the $415 million cost of the settlement, plus the bad press of the criminal investigation by the DOJ.
- nl 10y agoNo, it is completely relevant: ethics do have a place in leadership. I don't think it is as clear cut as this comment makes out. What they did was come to an illegal agreement not to poach employees from each other. There are multiple reasons why that could be good for a company, and I doubt 'reducing wages' is close to the top of that list. But ethics are important in leadership - I just think the case here isn't as simple as it is made out.
- sbierwagen 10y agoI was replying to "the value of the labor managed by those leaders was over 100X greater than $415 million", not the second sentence.
- nl 10y agoI have no idea what you think is irrelevant. Both parts of the thing you were replying to seem relevant to me.
- ones_and_zeros 10y agoExtraordinarily unscrupulous.