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There was some mention of retirement in the other thread, which was flagged by unpopular demand, so putting this here. One way of looking at it, when an organi
by fuzzfactor 2y ago
There was some mention of retirement in the other thread, which was flagged by unpopular demand, so putting this here.
One way of looking at it, when an organization has more money than it truly needs to be set for the foreseeable future, it gets to retire.
Or it gets to retire any time it wants to after that.
If everybody starts out working their butt off until there is steady financial progress, that's when they have earned the right to slack off "back to normal". Whatever that is, but the slacking off can be an essential recovery process, especially for emergency workers ("firefighters"). Without clear recognition of the role differences, this could set a bad example for production workers or executives, they could drift toward fewer accomplishments. People could end up basically doing less than full-time work while collecting full-time pay. Or even above-market pay.
The kind of bureaucratic thing that has been seen as organizations grow from the bottom up.
It can take a lifetime to get a hold of enough funds for that, other times not so much.
For instance, sometimes financial strength comes more from the work of previous generations. Some organizations have been financially well set before anyone living was even born, in computers IBM was already like that decades ago. Some of today's "pure" financial houses (or their money) go back much further by far. Everybody there does not have to work their butt off to begin with. Many times "no hard work" is supposed to be the hallmark of prosperity, and there can be great pride in this among certain classes. Not that the prosperity starts out being a direct result of production in every venture.
Interestingly, Google, along with Microsoft, would not have had the same initial opportunity if it weren't for IBM having already been "retired" for so many years, decades beforehand. Packed with people who got on board a company having the wherewithal to coast, but their productivity had certainly not dropped to zero, they were very "active retirees" in their "later years".
So in the late 1970's IBM built their most impressive retirement "home" up until that point, and it was up in Boca.
Wrote it off since they were actually working, they had secretly committed to a desktop computer, which they were designing in between trips to the beach.
They were still making something out of nothing and it was hardware, takes a while no matter how you do it, and once it began to take shape it was already too late, they were going to need somebody like Microsoft or the software was going to take forever.
Citrix and Magic Leap, OTOH started out retired in Florida.
Where you're supposed to have money before you go there.