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Yet another example of not just the inability, but the unwillingness to engage in managerial accounting. These companies primarily focused on financial account
by williamcotton 3y ago
Yet another example of not just the inability, but the unwillingness to engage in managerial accounting.
These companies primarily focused on financial accounting and even use EPITDA as an internal metric. They do not consider the true costs, such as, people dying or being traumatized by the use of their products. They do not think about the costs of such decisions 20 years into the future. These executives are motivated primarily by their performance with regards to their own personal shares.
Quarterly reports are the rear view mirror. Making projections into the future is the road ahead of you. A focus on short term goals leads blown out windows and aircraft falling from the skies.
This is how the tech industry is managed as well. It is not “enshitification”, it is rather corporate incentive structures and a general level of incompetence. Pure tragedy, the hero CEO brings his own downfall upon himself with only the audience capable of understanding the reasons why.