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Failure Mode: Welchification
- oatsandsugar 2y agoEssentially: Welchification (from the CEO of GE's name) being: * the focus on short term shareholder returns over long-term shareholder value, typified by giving executives short term options as incentives * causing a myopia that can lead a company to bad patterns like deprioritizing R&D or focusing on financial engineering over product improvement
- rob_lh 2y agoI'm the author, and I'm always deeply flattered when people submit my stuff. Thank you! Happy to chat more, as there was a ton of research that went into it, most of which didn't make the final cut.