Economics and similar, for the sleep-deprived
A subtle change has been made to the comments links, so they no longer pop up. Does this in any way help with the problem about comments not appearing on permalinked posts, readers?
Update: seemingly not
Update: Oh yeah!
Wednesday, November 16, 2011
What would happen if people moved from banking and consultancy into more "productive" sectors?
You'd get a lot more of this kind of behaviour. I suspect.
Not really. This guy was a banker out of university, but never rose above VP level and has been a "technology entrepreneur" since 1995. He's one of yours, not one of ours. In general, the one constant refrain I hear from colleagues who have the misfortune of dealing with them is that the general ethical standards and basic managerial competence of technology industry executives is incredibly low, only football clubs are more reviled. This may be because lots of the really good tech administrators have been in banking for the last ten years (building what amounts to a quite large, very fast, very very reliable and very very very secure telecoms network; this is what most of "algorithmic trading" is about, the actual algorithms are often surprisingly nugatory). But I think not.
The Guardian (and its comments section) has a fine line in saying that what the financial crisis shows us is that the people who claimed to be the best candidates to run the world economy because of their superior skills, were lying and were no better than the general population. I think we also have to consider the frightening possibility that they were.
 Media industry people, on the other hand - very high. Which is odd, since Zygna is by any sensible classification a media company.
this item posted by the management 11/16/2011 11:22:00 PM