5 ms·
> What this shows me is how inefficient and corrupt a private company is People tend to forget: private companies are only efficient at keeping the stock price
by barrow-rider 8y ago
> What this shows me is how inefficient and corrupt a private company is
People tend to forget: private companies are only efficient at keeping the stock price up. If it's not going to have an impact on the bottom line the waste can be insane.
Example off the top of my head: when I was working in Perth I had to process laptops for a mining company. 3-year update on laptops. Employees came to us, offering to pay out of pocket, market price, for their old work laptops -- that was rejected as a security risk; people might take home data or something!
Instead, we tossed em in a dumpster, only the lappys of the executives or senior leaders were wiped or DBAN'd.