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Apple Succession Strategy: Keep the Old Guard Around as Long as Possible
- lapcat 2y agoFunny, I always thought misleading shareholders was illegal. I guess they only care if the share price goes down.
- mschuster91 2y agoThe thing that is valuable to Apple as a company is to have these people, their networks and their decades of knowledge accessible. Even if someone is in retirement age and already practically living in Costa Rica sipping Pina Coladas all day - the fact that you can call up the guy and ask him some weird question is invaluable. Many jokes have a kernel of truth, and that's the kernel behind this classic engineer joke [1]. [1] https://www.et.byu.edu/~tom/jokes/Consultant_Engineer.html https://www.et.byu.edu/~tom/jokes/Consultant_Engineer.html
- lapcat 2y agoThat's fine, but Apple is still apparently lying about what these people are doing exactly.
- akira2501 2y ago> their networks and their decades of knowledge accessible. Having that experience outside the company doesn't magically make it inaccessible, it just means they have to pay a fair rate, along with everyone else, for access to it. What it allows is them _monopolizing_ those networks and knowledge and ensuring no one else can access it. This is not a good outcome.
- rjsw 2y agoThe joke is copied from a real life example [1]. [1] http://www.smithsonianmag.com/history/charles-proteus-steinmetz-the-wizard-of-schenectady-51912022/#ixzz2lRMjrfit http://www.smithsonianmag.com/history/charles-proteus-steinm...
- BonoboIO 2y agoWhy are you downvoted? I think this tactic is nothing more than deception, the guys are not staying around and give some guidance, they left or did not do the job the shareholders thought they were doing. I have no problem, that people get payed big money to stay at the company and just to little consulting, but hiding their real position or amount of work is just theatre.
- metadat 2y agohttps://archive.today/Yx3Lg https://archive.today/Yx3Lg
- klelatti 2y agoThis should be a more widely used tactic. It keeps the experience onboard and possibly stops them from consulting for a competitor! And it's probably better for the individual too. Going from having a role that takes up a huge amount of your life to zero in a short time probably isn't healthy for that person (or their family).
- Onavo 2y agoThis is only if the company is not stuck in a rut. In academia, the state of the art advances when the previous generation dies off.
- rowanG077 2y agoAn often repeated idiom without any evidence.
- marcosdumay 2y agoThere's a lot of evidence... a century or more old. The lack of recent evidence is inherent, it doesn't say we fixed it. But also we also changed enough stuff on the last century that blindly applying older lessons isn't a gainfully strategy.
- jcranmer 2y agoSuch as? I can think of a few cases where the crotchety old guy poured absolute shit on the new guys who came up with radical new theories that turned out to be correct. But in both cases (Linus Pauling with respect to quasicrystals, Eric Thompson with respect to Mayan script decipherment), the field moved on long before he died.
- fragmede 2y agoDoes science advance, one funeral at a time? Pierre Azoulay, Christian Fons-Rosen, and Joshua S. Graff Zivin https://assets.aeaweb.org/asset-server/files/9157.pdf https://assets.aeaweb.org/asset-server/files/9157.pdf
- Animats 2y ago[flagged]
- throwpoaster 2y agoThat’s the opposite of a succession strategy, no?
- firesteelrain 2y agoThis sounds like a great tactic. It’s a little concerning that they may not be developing employees to step up and take on roles when people retire or want to leave
- deleted 2y ago[deleted]