181–190 of 203 posts
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Another lesson you missed: don't be disrespectful to coworkers, including bosses. You are not entitled to offending people in a work environment.
Just because he/she didn't explicitly type it doesn't mean they missed the lesson.
How does one get away in life being disprespetful to ppl you interact with. I don't get it.
Spotify is a for-profit enterprise and if laying people off is the right financial choice then he's doing his job well. He can sell his shares when he feels like it.
He got fired today.
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It's almost as if when kids grow up and have kids of their own, and have bills to pay, they hold their nose and do things they don't really want to do. of course, some of us never grow up and live in hippie communes and eschew the trappings of things like money.
Who are you talking to?
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How did your perspective change and what changed moving forward?
I told the CISO he was an idiot who didn't understand security (in front of many peers), because we disagreed on implementation. Soon after I was fired for "violating company policy". I realized being right is not the most important thing in the world, certainly not more important than being employed. The other lesson was to never involve myself in office politics again: it is irrelevant and ultimately lowers your st…
Yea I think the real lesson here is 1. treat people with respect even when you vehemently disagree and 2. You were really bad at office politics. The entire name of the game in politics is to piss off the least number of people possible.
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> If you agree with the narrative of shareholder primacy I've really begun to notice that there is a large group of people who see this not as a narrative but as objective and external reality. I see it often on this topic, that capitalism (definitional arguments noted) is not just inherently good - it is in fact inherent. However it seems to increasingly apply to many people's perspectives on social and societal con…
I agree that many people perceive this as an absolute truth, and I have to reluctantly acknowledge Milton Friedman's success in completely changing the narrative around corporate responsibilities. I don't think that the adoption of this narrative is due to the Internet though; the original Supreme Court decision of Dodge v. Ford legally enshrined it and the narrative has been actively taught for a long time. I know t…
Clarifying…I meant the narratives in general, not this particular one. When your information sphere becomes narrowed, whatever narratives are within it tend to be reinforced and over time become inseparable from reality. Left and right, Russian and American, etc. it doesn’t matter it happens.
It’s kind of weird to see people want to work at big corporations but then act surprised or salty about layoffs. It’s nothing personal. You’re a line number even if you’re some leet coder. It’s a business, and it’s a strategy game of utilizing resources. You might have 400k TC but you’re not god you’re a resource. If you think these things aren’t fair or suck, then you should try to move out of the leet coder path an…
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How did your perspective change and what changed moving forward?
I told the CISO he was an idiot who didn't understand security (in front of many peers), because we disagreed on implementation. Soon after I was fired for "violating company policy". I realized being right is not the most important thing in the world, certainly not more important than being employed. The other lesson was to never involve myself in office politics again: it is irrelevant and ultimately lowers your st…
Earlier quoted context omitted.
I agree that many people perceive this as an absolute truth, and I have to reluctantly acknowledge Milton Friedman's success in completely changing the narrative around corporate responsibilities. I don't think that the adoption of this narrative is due to the Internet though; the original Supreme Court decision of Dodge v. Ford legally enshrined it and the narrative has been actively taught for a long time. I know t…
> I don't think that the adoption of this narrative is due to the Internet though; Clarifying…I meant the narratives in general, not this particular one. When your information sphere becomes narrowed, whatever narratives are within it tend to be reinforced and over time become inseparable from reality. Left and right, Russian and American, etc. it doesn’t matter it happens.
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> There is no way to know what effect a layoff will have on stock price in advance Sure, but looking at precedent gives you info to make a good bet- the last 2 Spotify layoffs this year each caused their stock to jump.
Sure. It's possible he decided he wanted to use a layoff as a way to make a gamble on the stock price before a scheduled sale. However there is no actual evidence of this, so let's be careful about breaking out the pitchforks. This sale would have happened even if the stock tanked 50%.
The 10b5-1 schedule is referenced often by executives as an alibi against insider trading. Let's just be realistic that it likely doesn't prevent anything of the sort.
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yes, but he probably caused the price to rise for his own benefit
If he had the power to raise the price on-demand, he'd do so all of the time since he owns stock and might even have performance bonuses tied to stock price. I highly doubt layoffs are execs sitting in a room scheming to make money but more likely they are trying to keep the company alive.
I can also light my couch on fire to warm the living room but that doesn't mean I should. Short term jumps are fairly predictable if you're calling the shots. Doesn't mean that you can do them indefinitely or without cost.