[chrismcb]

Did you miss this part: “…even raiding other studios has very bad long term consequences [i.e., higher benefits for employees, lower profits for companies and executives—M.A.].”

It looks like the primary intended effect was to keep salaries and benefits low

[cookiecaper]

The brackets are editorial from the editor of the post. They're not in the original email. That's the author's opinion on the bad consequences that Catmull is referencing.