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by exasperaited
185 days ago
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Post '08? All of this dates from the US stock market reforms of the 1970s, ultimately, which led to an explosion of IPOs, and fed the explosive growth of management consultancy and MBA culture. "Business" became something one specialised in as a career farming a quasi-commodity. The culture of the "exit" is the problem; the notion of routine payment with stock options, etc. etc. Back when I was working in a dot com (well a dot co dot uk) I noticed this; if you ask for a hard salary in lieu of stock options you are treated as if you have a communicable disease. Something I am glad I did, actually, because I saw other people leave with vested options that the company refused to either honour or buy back. Everything about the subsequent 21st Century IT culture is short-term-ist, naïve, and sick, and it is still taboo to talk about some of the problems. |
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