Quote:
Originally Posted by wdfifteen
Yes. The emphasis is on making money, not making products. We need more scientists, engineers, and inventive “tinkerers” inventing new products and production methods and fewer financiers playing monopoly with real money.
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To illustrate the shift in mentality...
As late as the 1980s (before the introduction of the PC), IBM used to have sales quotas. These quotas were notorious for being easy to achieve as they were designed to guarantee IBM steady, long-term income. They usually left some money on the table for next year. (IIRC, Ross Perot was a salesman for IBM and would achieve his quota early in the year and spent the rest of his time building EDS.)
Between leveraged buyouts in the 80's and "activist" investors today, that world is dead.