Earlier quoted context omitted.
>Boeing's stock price went up 10x in the time frame covered by the article. The people responsible for gutting the company have cashed out. Why does the stock market reward idiot shit like this? I've seen the same whit a a large US semiconductor company. In the 2008 crunch, the fired the most tenured employees and offshored the work abroad. Granted, the company didn't fail, their stock went up and now it's 5-7x that…
> Why does the stock market reward idiot shit like this? Goodhart’s law, unfortunately. Whatever metric the stock market rewards gets gamed like there is no tomorrow (or next quarter, here.)
In both cases of the stock market and a popular search engine, I don't really know if there is a solution that prevents people from trying to game it.