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Just wanted to point out that Boeing's various disasters are not due to greed but to the combination of stupidity and greed. When smart people get greedy, they
by FredPret 2y ago
Just wanted to point out that Boeing's various disasters are not due to greed but to the combination of stupidity and greed.
When smart people get greedy, they build things that last and that they can be proud of, because that's what's best for them long term.
Whereas when smart people have zero greed, they build nothing at all. You need a strong motivation to power you through the pain of creating something good.
- walthamstow 2y agoSounds like Hammerstein's classification of soldiers, the stupid/smart/lazy/industrious matrix.
- account42 2y ago> because that's what's best for them long term Is it? Many greedy people seem to happily fail upwards (or sideways to different companies). The baseline for compensation is generally what your previous compensation was, not the long-term success of your creations.
- FredPret 2y agoThe people in charge could have made billions more if they held stock for the rest of their lives in a successful company that they helped build. A long term success is a safer bet, a bigger payout, less stressful, and something to be proud of on your deathbed. Compare causing and then jumping from one shipwreck to another like a stressed out little rat. A smart person who wants a great life will choose a long-term orientation.