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I recall the breathless praise of the wizardry of the finance departments in GE and IBM back in the 2000s, and their wunderkind revenue production. Of course i
by AtlasBarfed 3y ago
I recall the breathless praise of the wizardry of the finance departments in GE and IBM back in the 2000s, and their wunderkind revenue production.
Of course it was a house of cards, but small fry compared to the contemporaneous castle of cards that was the mortgage crisis. GE basically imploded from becoming a finance-first company, IBM kept their toes a bit more grounded.
Cue the next government bailout in about 2-3 years.