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"Banks and investors make money by doing nothing" this is false. Weeding out bad wanna be founders, for example, is important, difficult and something VCs spend
by fgf 16y ago
"Banks and investors make money by doing nothing" this is false. Weeding out bad wanna be founders, for example, is important, difficult and something VCs spend a lot of time doing. If being a VC was so easy they would be paid like janitors.
"Therefore, they don't care if the employees or customers are happy" You are wrong, they do. Customers write the check and employees deliver what they write it for, obviously they have some influence on whetter the check arrives or not (and how big it will be)..
"they only care about maximizing the chance that they get their check tomorrow" They care about maximising profit, this obviously involves planning for the long term. (A company expected to earn more money in ten years will be worth more right now.)
"This article explains a lot of Corporate America." You don't get corporate america. Hacker news is great for technical news but there is a surprising amount of this kind of simple/uninformed anti-market rhetoric.