from Patrick McKenzie | by Patrick McKenzie

Patrick McKenzie


11 months ago

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There is something oddly poetic, in a capitalism-meets-Beowulf sort of way, in prioritizing shareholder value so much that you’d bind a flighty contra to a transaction in absolutely certain knowledge that your reward for doing so would be getting fired from one’s cushy job.

Twitter, I’m subtweeting Twitter. And on the observed results, maybe I have to recalibrate how much of CEO compensation is option value for “You may someday find your own power and privilege threatened by something in the interests of shareholders and, if you do, fall on sword.”

Another shower thought I had: “Wow, I am surprised that tech executives can be fired. Wow, I am surprised that I am surprised that tech executives can be fired.”

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