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I suspect those downvoting gress don't understand what he's saying at all. His claim that "sometimes", thos ein charge aren't only thinking about profit maximi
by wutbrodo 12y ago
I suspect those downvoting gress don't understand what he's saying at all. His claim that "sometimes", thos ein charge aren't only thinking about profit maximization is excluding the case you're describing, where "those in charge" is some combination of investors and the actual execs (specifically, in your example, "those in charge" _are_ in favor of profit maximization).
There are a fair few examples in tech where founders have managed to hold on to a disproportionate amount of control and can much more accurately said to be fully "in charge", and those are the cases gress is claiming exists.
- gress 12y agoThanks - that is part of what I'm saying. Also, as another point, 'profit maximization' is predicting the future, and there is a lot of room for different views of what the future will be.