71–80 of 193 posts
Earlier quoted context omitted.
Hate to break it to you, but people are going to be greedy and selfish with or without capitalism.
> ...people are going to be greedy and selfish with or without capitalism. True. But in capitalism greed is a fetish
Just keep in mind that a business's role in society is to deliver something and bring in a profit. So if you don't bring revenue directly to the bottom line you are in line for layoffs. Don't fall in love with your job. The business is not in love with you. I suspect the fund's trading strategy was less than great so they had to cut expenses ASAP. I can't imagine why they would get rid of the person who would have to…
Hallelujah brother - well said.
Based on situations I've seen before, I'm guessing this "bonus" was probably actually attached to some legalese that required signing that exempted the company from any wrongful termination legal action, etc. etc.
I don't know how the work culture is there but that seems completely insane.
I've said it many times and I'll say it again. The first thing I tell anyone that enters the work force: Do not play the hero. You don't have to save the world. You will only be rewarded with more work. Put that passion and energy into something you created and own and control.
Ever?
I just do not believe this story. Nobody in the right mind will fire key software engineer 48 hours after system goes live. This is where all the bugs/problems show up and you need all hands on deck to fix them. Six months after launch when all problems are solved - absolutely, you can fire engineer. 48 hours after launch? absolutely not.
The product, being a v0.1 release implemented in C, was of course plagued with data corruption and poor performance. It read /etc/password from disk on every file access. An uninitialized int caused indirect inode corruption every ~millionth write. And so on.
Because of the poor product quality, they lost multiple opportunities, including a bid for early Facebook photo storage. The company never had more than 250 customers and ended up being sold to a Valley stalwart. The CEO and VP Eng were paid out handsomely, of course; preferred converted stock tranches or whatever. My options from 4 years of employment ended up worth $500.
No? maybe youre looking in the wrong places though, and possibly tho unlikely they blackballed you but that would only apply within the finance world
> I think I have applied to every hedge fund and investment bank in London
I fear the future where i MUST work for a bank/hedge fund to make enough money to satisfy myself and my family.
Just keep in mind that a business's role in society is to deliver something and bring in a profit. So if you don't bring revenue directly to the bottom line you are in line for layoffs. Don't fall in love with your job. The business is not in love with you. I suspect the fund's trading strategy was less than great so they had to cut expenses ASAP. I can't imagine why they would get rid of the person who would have to…
I just do not believe this story. Nobody in the right mind will fire key software engineer 48 hours after system goes live. This is where all the bugs/problems show up and you need all hands on deck to fix them. Six months after launch when all problems are solved - absolutely, you can fire engineer. 48 hours after launch? absolutely not.
This is just standard profit over people capitalism.