4 ms·
> Silicon Valley has been hiding a dirty secret for years: Many companies, if not the majority of them, are badly mismanaged. to be fair, this is likely the ca
by riffraff 3y ago
> Silicon Valley has been hiding a dirty secret for years: Many companies, if not the majority of them, are badly mismanaged.
to be fair, this is likely the case for most large companies even outside SV.
You just have to talk to anyone in any industry to hear crazy stories.
- bagacrap 3y agoI imagine it's worse in industries where a firehose of profits papers over all manner of mistake, and where many founder/CEOs skipped business school.
- cpach 3y agoThat’s probably true. But I’m not sure that fact has been reflected in stock prices. During the last hype cycle I would say that, in general, tech has been hyped a lot more than other industries.
- zachncst 3y agoIn my experience, it's a miracle anything works.
- mrguyorama 3y agoThis is why I have always laughed at people suggesting that private enterprise can do things more efficiently than big government. Have you worked for what passes as private enterprise these days? There is zero forcing function in the corporate space anymore. Everything is owned by the same like 100 people, and there is no competition, so even if it worked in theory, it should be clear and obvious it hasn't "worked" in the US for decades.
- _hypx 3y agoExcept SV companies are not valued like those other companies. You are paying a premium to buy stock in a mismanaged mess in a lot of cases.