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This betrays a fundamental misunderstanding of how the world works. There’s a great bit in Margin Call about this: Kevin Spacey’s character challenges the plan
by dcrazy 2y ago
This betrays a fundamental misunderstanding of how the world works. There’s a great bit in Margin Call about this: Kevin Spacey’s character challenges the plan to sell the firm’s entire MBS portfolio with the point that once their counterparties figure out they’ve been sold a bag, they will never trust them again. The firm insists on the plan anyway, so when Spacey tells his floor the news, he acknowledges that this will be the end of many of their careers, and as compensation the firm is giving each trader a $2m bonus for selling through their slice of the portfolio. They’re basically giving them an advance in exchange for making themselves unhireable, because ultimately the economy is made of people working with other people.
- hn_acc1 2y agoThat's maybe true in finance / investment / hedge funds. I don't think it applies to tech / software much..