RE: https://toot.cat/@freiksenet/115598578939693635
"The net result is that a huge number of our leaders are essentially stealing money, but they can't withdraw the money directly, so they have to spend the organization's capital on expensive nonsense to purchase status then convert that status into a better salary somewhere else at a really, really bad exchange rate."
I realized that in a lot of companies. Management doesn't have technical skill and doesn't understand what they're selling. So it's impossible to create a good (technical) strategy on how to sell their product. Plus, that would be slow (even though it ensures long-term stability).
The result is "networking", self-promotion, and short-term increases of stock price (e.g. by firing people aka decreasing costs), then jumping to the next company.
#enshittification #bigcorp