is WHCA pronounced Vichy?

a silver lining of Trump’s election is they can’t call you antisemitic or accuse you of a double standard for (correctly) describing Israel’s current government as fascist when you are also (correctly) describing America’s government as fascist.

(it’s good to see you!)

there are the alarmists and "everything's probably fine" types. the "probably fine" types have the better track record in retrospect. but that's largely because of the work of the alarmists. relying on empirical track record to decide which attitude to take may not be wise. depending on ones goals.

yeah, the usual complaint with business is an overemphasis on sales, but here they are decimating the part of the organization closest to revenue.

and the only thing that can drive those projects through are people expert and passionate in those projects "irrationally" devoted to making them real, despite the beckoning call of more straightforward near-term opportunities. McKinsey would say redeploy the resources.

one distinction, is because efficient markets, profit maximization has been replaced by share price maximization. which in theory is the same thing, forward looking, but in practice is, um, not.

the worst thing about being in your mid 50s is that you are very, very aware it won't last long.

oh, i agree, i don't advocate the stakeholder approach. i advocate a mission-driven approach. bsky.app/profile/inte...

ultra vires, motherfuckers!

i don't think you can look at a firm like Boeing, for example, and conclude they were just profit-maxing and given what expertise they had on hand, making planes was the best opportunity. they had a passion for engineering and building planes to which profit maximization was subsidiary!

it's not so hard. just fail to support or say nice things about President Trump. i mean, you and i have executed none of our critics, and yet we've achieved the credential. (tbf, all the wars we've personally prosecuted have been genocidal.)

minority shareholders have a right to equitable treatment ("equity!"), but not to demanding the firm be run in favor of least-common-denominator interest.

the accusation is always a confession. it is the people who are currently working to occupy and conquer us that are complaining about a mythical occupation they are countering.

not even. mission-driven capitalism. a firm is a human organization to accomplish something. recruiting and appeasing all stakeholders, generating cash flow sufficient ti pay the bills, these are *constraints* a firm faces, not the goal or function or purpose of the firm.

the people who wanted "everything run like a business" also transformed how businesses were run, and it broke those too. (they transformed businesses into the idiot share-price maximizers of pathetically stylized economic models, which is not how most businesses actually functioned before 1970!)

i don't think the median US voter actually thinks very much at all on the subject.