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To add. I am always amazed at how often top levels get fired and life just goes on. Every time one of those emails goes out to all staff saying so and so has de
by mmsimanga 8y ago
To add. I am always amazed at how often top levels get fired and life just goes on. Every time one of those emails goes out to all staff saying so and so has decided to pursue other interests in life is actually code for so and so got kicked out of the high earnings club. I do think capitalism is the best of the whole lot but the hyperbole used to justify executive earnings is something that the world needs to focus on. We have created such complex systems such that no one person can really claim to be the reason things succeed or fail
- l9k 8y ago> so and so got kicked out of the high earnings club ... Usually to join another high earnings club
- village-idiot 8y agoOne of the more interesting books I’d read was “Dream Hoarders”, which is about the top 20% setting up a system that prevents them or their children from ever leaving this top quintile. College in particular does more to protect low competency rich kids than it does to promote high competency poor kids, sadly. As a tidbit from the book, most of the top 1% are actually a rotating cast of the top 20% having a good year (the ultra rich like the Kochs excepted). Most of the top quintile will get a year or two in the top 1% in their lifetimes. But once you focus on the top 20%, you start seeing a very stable clique that’s holding onto power.