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I've basically seen this happen at my former employer. They started an industry, made hundreds of millions, but instead of investing in development, the execut
by snarfy 7y ago
I've basically seen this happen at my former employer. They started an industry, made hundreds of millions, but instead of investing in development, the executives all receive massive bonuses. Competition is now creeping in and they have no way to compete. What was once new and innovative tech is now legacy enterprise. Instead of a cooperative relationship with customers it has become adversarial. Instead of hiring engineers and building better technology that sells itself as it once did, they hire salesmen to negotiate multiyear reoccurring contracts.
- mcv 7y agoI have often thought it would be a good idea if employees had a voice in the salaries of their bosses. That would prevent mediocre executives from looting a company like that. If an executive is really good and benefits the company as a whole, sure give them a high salary to keep them on board. But if they're mostly profiting from the hard work of the rest of the company, and don't want to reinvest the profits back into the company or share it with the employees, then why should they be getting these massive salaries?