I wonder what can be done to nuke these BS companies out of existence. Anyone has ideas?
You can do training sessions for people you want to advance or hold back. In both cases sessions would be meaningless and void of any real value, except that they assign attribute Foo to the group of people. Then you can say that only people with Foo can do Bar, moving those people forward in their career. Alternatively you can overcome some bureaucratic obstacle by claiming that you do Foo regularly, which is a requirement from some authority for some reason.
I don't really know how this kind of politics works, but this is how I tend to think about it.
Signed,
A Consultant
My post isn’t a dig against consulting, it’s a dig against “Big Consulting” where it’s more about bluff, a big brand (to prey on the “nobody has been fired for choosing X”), lots of meetings & bullshit while the actual work gets outsourced to monkeys in third-world countries with atrocious working conditions.
I want to nuke “Big Consulting” out of existence to let real consulting take its place for people like you and me.
The moment the bank went public their valuation went down and months later the Spanish central governement had to inject 23 billion euros (of EU money) into the bank.
We know now that that Deloitte's report was based not on actual independently collected and analyzed information but on "possible future scenarios" outlaid by Bankia's executives.
In court, Deloitte's representatives argued that they really hadn't had access to the necessary information to produce the audit. So what did Deloitte's dozens of employees worked on for months? Why did they produce a report that couldn't possibly know if it was accurate?
Bankia, Abengoa, Livent, Standard Chartered, Carillion... the pattern is always the same: "we can make it go any way you want".
- the tentative review of a proforma version of accounting used for the IPO, which Deloitte did not sign but where heavily discussed and to which Deloitte have access.
- the formal audit of the financial statements, for which Deloitte did NOT give the ok (Francisco Celma, the responsible partner, did not sign), as it was not given all the information (but they did have items to work on, just not everything needed).
Rodrigo Rato, then Bankia’s CEO, pushed Celma to sign without having reviewed all info; when he refused, Rato went forward with the IPO nonetheless.
Also I think it is Celma in particular, and not Deloitte as a company, who is being sued (or is the one legally liable, irrespective of the suit; can’t really remember )
It sucks, but look at the competiton: they don't get data from drivers, don't launch and iterate. For example I'm in Eastern Europe and I don't know any other company that has training data for my country.
Also Andrew Karpathy improved the development framework a lot, I guess you looked at the autonomy day presentation. It was interesting (and shicking) to me that depth wasn't learned before from the cameras, I think it's crucial.
Anyways I understand your sentiment, that's partly why I still prefer owning Bitcoin.