"Their psychic abilities failed? A coin flip came up tails but they bet on heads?"
Isn't it interesting how we want to absolve execs of all blame when they bet wrong and get unlucky, but declare them geniuses and masters of business when they bet right and get lucky?
I don’t think I’ve ever seen anyone here express the sentiment that execs and CEOs are geniuses for leading a profitable company. If anything, it seems like it’s us engineers who like to consider ourselves brilliant, and that the simple-minded management should be so lucky to have us.
Like creating a company that gives thousands of people jobs? Or creating infrastructure to enable millions of web based businesses the ability to mindlessly process payments? God, I miss the old HN. This place is reddit now.
Who built the railroads? J. P. Morgan, or the millions of people who worked for him?
Not surprising to see execs and founders on here patting each other on the back and trying to convince everyone that they deserve their millions because of how innovative they are all the "value" they create. Looks like the old HN to me.
Isn't it interesting how we want to absolve execs of all blame when they bet wrong and get unlucky, but declare them geniuses and masters of business when they bet right and get lucky?