I saw one of his interview where he said he doesnt care about money. May be thats why he spills all that shit on twitter. Does twitter even post their cashflow , I know its publicly traded but never saw cashflow being posted. Idk if Elon cares but We 9-5 plebs do care about money coz we got mortgage and shit , may be that why we hate all billionaires.
True that’s the beauty of being rich. What I have learnt is 9-5 plebs are really important for the economy, if all 9-5 stop working , the economy will crash but if billionaire or millionaire stops working, not much affect on economy.
You see all these billionaires and millionaires control the 9-5 plebs and that’s how they know they dont have to be held accountable.
A company whose billionaire quits can usually get a millionaire replacement, without much loss of utility. CEOs get shuffled around all the time without any particular effect on the company they “run.” I think they mostly run lower executives, who run managers, who run lower/middle managers, who run supervisors who know something about what the company actually does, and run the people who do tangible work. The CEOs who get into the news for doing something dramatic to a company are the exception.
Anyway, if the stable state for companies is this, then there’s some important function we are missing (or things are going to evolve into something else).
You mean if the stable state is to have a layer of management on top of daily operations, and the management never mixes with operations? Yeah, although to be strictly fair, someone has to do the annoying financials, and those people would not be helpful to people doing other kinds of work. I think that’s just a way of restating the problem.
I think another part of the problem is that business don’t want to have a stable state, they want to grow constantly, which becomes a problem for an increasing number of people no matter how a business is structured. It never really surprises me when ambition gets businesses in trouble, though sometimes I wonder how they manage to make the mistakes they do.
Publicly traded companies must post financial statements that show all that information. There is no getting around it to be publicly traded. But they are no longer traded, so have no disclosure rules.
Twitter is no longer publicly traded. One of the first changes Musk made upon purchase was pulling it off the market. Ostensibly so he could ruin it faster.
I saw one of his interview where he said he doesnt care about money. May be thats why he spills all that shit on twitter. Does twitter even post their cashflow , I know its publicly traded but never saw cashflow being posted. Idk if Elon cares but We 9-5 plebs do care about money coz we got mortgage and shit , may be that why we hate all billionaires.
He doesn’t care about money because he never had to be accountable for all his shit-decisions resulting in financial disasters.
True that’s the beauty of being rich. What I have learnt is 9-5 plebs are really important for the economy, if all 9-5 stop working , the economy will crash but if billionaire or millionaire stops working, not much affect on economy. You see all these billionaires and millionaires control the 9-5 plebs and that’s how they know they dont have to be held accountable.
That depends on who becomes billionaires and millionaires in a particular environment.
Anyway, DEC, Sun, Nokia are some of the big companies which I’d rather prefer to exist now (not in neutered state like Nokia).
A company whose billionaire quits can usually get a millionaire replacement, without much loss of utility. CEOs get shuffled around all the time without any particular effect on the company they “run.” I think they mostly run lower executives, who run managers, who run lower/middle managers, who run supervisors who know something about what the company actually does, and run the people who do tangible work. The CEOs who get into the news for doing something dramatic to a company are the exception.
Sometimes. Sometimes not.
Anyway, if the stable state for companies is this, then there’s some important function we are missing (or things are going to evolve into something else).
You mean if the stable state is to have a layer of management on top of daily operations, and the management never mixes with operations? Yeah, although to be strictly fair, someone has to do the annoying financials, and those people would not be helpful to people doing other kinds of work. I think that’s just a way of restating the problem.
I think another part of the problem is that business don’t want to have a stable state, they want to grow constantly, which becomes a problem for an increasing number of people no matter how a business is structured. It never really surprises me when ambition gets businesses in trouble, though sometimes I wonder how they manage to make the mistakes they do.
Publicly traded companies must post financial statements that show all that information. There is no getting around it to be publicly traded. But they are no longer traded, so have no disclosure rules.
Twitter is no longer publicly traded. One of the first changes Musk made upon purchase was pulling it off the market. Ostensibly so he could ruin it faster.