> This adverse selection leads to some of your best employees leaving, with your worst staying. Doesn't matter. Failing public companies like IBM and Yahoo don

> This adverse selection leads to some of your best employees leaving, with your worst staying. Doesn't matter. Failing public companies like IBM and Yahoo don't care about better vs. worse employees; what they care about is reducing costs, and that tends to make better employees more likely to be laid off, because they're more expensive. Wall Street doesn't give a damn how good your employees are; it just wants them to be cheap.