OMGPOP CEO tweets: "Shay Pierce was the weakest employee on the team"
venturebeat.com
venturebeat.com
You just got bought for $200 million, now it's the time to show that you deserved to be the CEO of that company, by being diplomatic, respecting those around you (or who used to be around you) and now calculating your every move. Your opinion no longer just affects yourself, it affects your whole company, as well as (in a lesser extent), the company that just bought you.
Then I see celebrities like Snoop Dog (who owned a porn company), Sarah Silverman (who has some of the most offensive jokes imaginable), lil john (self explanatory), Colin Farrel, Charlie Sheen, Lindsey Lohan, and other well known figures who say and do anything they want yet still have successful careers, keep starring in movies, and even get in on really good business deals and endorsements. Lets not forget the Lady Gaga / Polaroid event where during the unveiling she said "smile you're fucking famous" and other unprofessional phrases.
It's like there's absolutely NO consequence for them. I guess because it's their "image" and it's "expected". So I guess the moral of the story is, become an offensive comedian /or/ celebrity known for being crazy and work your way up towards serious entrepreneur. That way you can talk shit and get away with it. OR start out as the well spoken guy, and just 1 accidental F-bomb later, show up on the news as the bad guy and get thrown out by your company board.
EDIT: ALSO, wtf did Notch gain by saying "You're an insane idiot"?! What did he gain from his remark?
As for celebrities acting badly, this doesn't make it particularly admirable. I should point out that no F-bomb was used by the CEO in question - he merely showed a complete lack of class. There really was no upside. A lot of people wouldn't have known, or perhaps wouldn't have cared, that Shay didn't join the new company.
I'd suggest that the OMGPOP CEO be very careful about what he says. Saying someone was the "weakest link" in a team with no backup might lead to defamation proceedings.
Actually it reminds me of the kinds of reactions Sebastian Marshall gets around here for his jerky/arrogant/employee-badmouthing style of blogging, and that guy isn't even wealthy or famous (except HN-famous).
Because he is supposed to be a leader. Leaders are held to higher standards. They are supposed to have integrity and good character.
The people you cite are celebrities, not leaders. We do not take them seriously. They are there to entertain us, make a lot of money, do drugs and fade into oblivion. Comparisons are irrelevant. All that you get making comparisons is a race to the bottom.
And it wasn't that he was profane. He wasn't profane in the tweet at all. (No one really cares about profanity anymore anyway).
He went out of his way to demean another human being (who he likely knew and worked closely with) when it was really not necessary. That is the shocking, self-serving, and utterly ugly part about his statement. It shows that he lacks character.
For sure, this guy called Zynga evil and said he didn't want to work for them, and that's the last thing you want showing up in Mark Pincus's news feed when he's just bought your company. But to shoot back in public and call him a parasite and the weakest person on the team? That's just vengeful and childish.
Forget censorship, it's just about having a shred of professional respect. Maybe he has a fat mother, or erectile dysfunction, or shitty dress sense. If you do something to upset me, what would you want me to post about you on Twitter? There's a line that even DHH-style "I'm funny because I'm callous" can't cross.
Any business relationship carries with it a certain amount of trust, and between a leader and their team most of all. Pierce said he didn't like Zynga (his personal opinion) and he was attacked by someone who had the ability to expose private information about his job performance, and who should have owed him better than that.
Personally, I wouldn't care if Porter said "Shay Pierce is wrong and doesn't know what he's talking about", or even if he said "Shay fucking Pierce is fucking wrong fucking" while hanging out of a porn-funded blimp. It's the intention, not the words, that I find offensive.
"Shay is a great engineer who we were unfortunately unable to retain. I'm sure he'll do well wherever he lands." Would have sufficed as a tweet. One comes across as not being pricked by the story and if he's actually the weakest guy on the team and ends up hired by a competitor, you win.
A CEO is always recruiting and promoting, even to employees. To use the petty language that he did only weakens his position amongst his team and outsiders interested in the company.
I grew up around a father that would talk shit but do good things so to me I've always discarded what people say and paid attention more to what their actions are.
If you are worrying about having to censor your public persona in the future, go into a line of business where being edgy is part of the attraction. However, it is never a good move, whether as a CEO or public figure or basic human being to get up on a soapbox and say bitchy, petty, mean spirited things. The OMGPop CEO is not speaking "brutal honesty", he's just acting like a dick most likely because his ego has swollen out of control by the sale and the success of Draw Something and he can't stand that this "little guy" is pissing on his parade. This is the behaviour of a child, not a leader.
Lastly, this isn't about "holding people to high standards", as if it is some sort of conscious thing we participate in. In societal interactions there is a implicit understanding of the range of acceptable behaviour for a public figure, it is unconscious and breaching those boundaries will have immediate emotional consequences on how people perceive you. If Snoop Dog says fuck or calls himself a pimp nobody will blink, if he punched a child in the face people would immediately react negatively. Likewise if he stopped all of his Snoop persona and started working for the Rick Santorum campaign. If you are the CEO of a company that makes family friendly mainstream games, people expect that you will act like an adult in possession of self-control are good judgement. If you are the CEO of a company that sells coke spoons, maybe less so.
Notch is able to say what he did because he has garnered significant good will, and because it embodies the mass public reaction to the OMGpop tweet. If he tweeted this kind of thing all the time he would lose that good will eventually. As a one off though.. it IS idiotic and insane to publicly belittle former employees as a CEO.
Moral of the story is don't be a dick in public view, unless you are in public view for being a dick ;)
- More of my respect.
Which of these two gaming CEO's would you now want to work for or with?
When the CEO of a recently acquired company says it, it's not a private criticism anymore, it's a public shaming. He could have found a way of being honest to the developer without mocking him on twitter
The other celebrities you mention don't get criticized Because they have a limit. They say stupid things, but stop short of direct, public, unprovoked personal attacks.
More importantly, they're not executives or leaders. Dan Porter is in charge of hundreds of people. How he treats the people who work for him isn't some minor thing; it's the essence of management. His tweet made him look like a petty asshole, and his non-apology confirms that for me.
If he really was awful and got called on it, that would be one thing. But to be libeled for no reason other than writing up your decision not to take a new job is terrible. Nobody should do that, CEO of something or not.
What's so interesting about success is the number of
failures who try to ride on your back. Shay Pierce is
just one of many...
since the guy specifically went out of his way not to "ride on his back" because of morals.Frankly from his tweets it sure looks like the biggest failure on the team is the CEO...they just got lucky and instead of being humble, he is doing the completely wrong thing...and if he was such a failure as an employee, why did such a great manager keep him employed
Can't stress this enough. I liked OMGPOP from the start, when they were still that obscure flash-site for 6-12yr olds. But that was before the CEO announced that he's an asshole...
"DrawSomething" most likely got popular mainly because the implementation is much better than the other Pictionary clones (which have been around forever). And that's an aspect that Mr. CEO probably wasn't involved with at all, but rather his lowly developers.
The one thing that Mr. CEO could attribute to himself would be if he smelled the opportunity early and executed on it. But he didn't. It took them 3 years to port their most popular flash-game (then called "Draw my thing") to the cashcow mobile platform.
That doesn't seem like a calculated move to brag about, does it?
No respect for this guy.
That's what unsuccessful people say when someone becomes successful.
I think there are two reasons for the typical "he just got lucky" insult.
1) When you tear down a successful person, you get to transfer a little of their success to you. (aka "player hatin'")
2) Level playing field. It's nice to imagine that everyone has the same amount of "luck," and therefore the same chance of being successful. It's disheartening to accept that some people might work harder or have more natural talent than you. Chalking it up to "luck" gives you hope that it could just as easily happen to you one day.
"Hope is the only thing stronger than fear" - Hunger Games
Btw, I think what the OMGPOP guy wrote on Twitter was mean and dumb. He shouldn't have written it. And I don't know these guys.
And I actually believe that most success is rooted in luck (or chance or circumstance). But everything I've read about OMGPOP says that they struggled for 6+ years and finally made it big with Draw Something.
"The harder I worked, the luckier I got." - Samuel Goldwyn
Maybe he is indeed an exceptional CEO. If you rank CEO's by quality, I suspect the top half of the list has better things to do than fumble around on twitter Saturday afternoon.
You need to work hard anyway. And you need need luck on top of it. Things work in that order.
But a lot of people first expect to get lucky and then work hard. IMO that never happens, because the person tries to reverse cause-effect scenarios. The person expects reward before work, whereas rewards always come after work, never before it.
Very good fit for Zynga.
This was the first thing I thought when I read the headline.
I think the worst thing I've heard our CEO say about a former employee is "it was time for the company and X to part ways" after X took a job elsewhere, and this was an internal meeting. We don't take to tweeting the inner workings of our company.
Come on. OMGPOP was a fast rising company with a very green CEO. Expectations that they're going to act like the CEO of Oracle (boom, bad example) or something seems out of place. The CEO is a person just like everyone else, and had a moment of weakness.
The CEO took it personally. And rightly so, because in his implications Pierce was saying that everyone else were willing to join an "evil" company that treats people as "weak minded cash cows". When we make personal statements of values and their justifications ("I don't eat meat because I don't like murdering innocent animals, blood on my hands"), we naturally raise the hairs of those who make different decisions.
EDIT: Normally I just bear those downvotes, but in this case I find them a little disturbing. The whole narrative around this has taken on a distinctly "we are the 99%!" type of schism. The CEO is a human being too, and there is no reason to value or respect the opinion of Pierce.
"Moment of weakness" maybe, but not from an inexperienced guy.
"SVP" of "Virgin USA", which was an absolutely minuscule offshoot.
He has been a CEO of a tiny company for two years, prior to that acting essentially as a glorified salesperson. That is absolutely green.
Or more accurately, it's self-centered, oblivious and aggressive. I'm more than content with the outcry all over the net.
Many would see Pierce's media efforts as childish and unprofessional. I originally saw it presented with the title "The one smart OMGPOP employee", and it was pretty obvious what the deal was (when you make demands and the other side ignores you, it means you aren't in a position to make demands).
Further his "morals" went so far as demanding that they provide some sort of oddball waiver for him, which they didn't feel worthy of the time required. I'm not sure if you're reading a different story than I am, but the one I read had him completely fine with joining Zygna until they said stuff it, at which point he retroactively gained a higher calling.
Well, he explained publicly why he opted out of the employment offer.
when you make demands and the other side ignores you, it means you aren't in a position to make demands
And so what? Should I look down upon him because he's "weak" when compared to Zynga?
Further his "morals" went so far as demanding that they provide some sort of oddball waiver for him, which they didn't feel worthy of the time required. I'm not sure if you're reading a different story than I am, but the one I read had him completely fine with joining Zygna until they said stuff it, at which point he retroactively gained a higher calling.
Well, it was your post which introduced differing morality into the question, as a justification for Porter's tantrum. Pierce himself waives any claim to being an "idealist", in his words[1]. On the "oddball waiver" I won't comment; that's a Silicon Valley thing, don't wanna be culturally insensitive.
1. http://www.gamasutra.com/view/news/167244/Turning_down_Zynga...
It's also independent of whether the other guy was "right" or "wrong". I've had plenty of moments of weakness in my life, and none of them compelled me to rip in to former coworkers on Twitter.
A better way to phrase it would be to say "Pierce's article says something impolite and ungraceful in the most polite and graceful way possible".
For my part, I'll stick to working for employers with reasonable terms of employment.
Two important things to remember about negotiating contracts: A) They are mainly about the spirit of the agreement, and B) If any of the language actually gets as far as being tested in a court and you're just an individual, you're probably already fucked.
Zynga/OMGPOP clearly think it's unreasonable for any of their employees to do any outside game work. When Shay said, "Hey, can have an exception for my pet project," they said no. If Shay had tried to find some behind-their-back trick, the best case is that they just wouldn't care.
The worst case is that they fire him and bring a suit to take the game from him. Whether or not they win, Shay probably can't afford to spend $100k or more on a lawsuit, not for a little side project. So if he's lucky he escapes with $5K in legal bills so that he can hand the game over to him and agree in writing never to utter the word "Zynga" again.
Your approach might be enough to win a lawsuit. But he probably can't afford to fight a lawsuit, so whether or not he'd eventually win doesn't matter. Even if he could, it would be a hollow victory. He'd get to keep his modestly successful iPhone game, but it would cost him his job and maybe a year's salary on lawyers, plus 2-3 years of aggravation.
Frist, he said he wasn't joining because they wouldn't let him keep ownership of his prior work. They publicly announced that all developers were joining, forced him to make a decision quickly, and refused to negotiate. They in effect forced him out of his job. Him losing a game he built was not a "minor detail".
Second, he did not call Zynga evil because of that. His actual words: "When an entity exists in an ecosystem, and acts within that ecosystem in a way that is short-sighted, behaving in a way that is actively destructive to the healthy functioning of that ecosystem and the other entities in it (including, in the long term, themselves) -- yes, I believe that that is evil. And I believe that Zynga does exactly that."
Politeness and grace do not require you to bend over and take it. They do not require you to shut up when your conscience insists that you speak.
"When an entity exists in an ecosystem, and acts within that ecosystem in a way that is short-sighted, behaving in a way that is actively destructive to the healthy functioning of that ecosystem and the other entities in it (including, in the long term, themselves) -- yes, I believe that that is evil. And I believe that Zynga does exactly that."
That's not true. This is the reason he gave:
An evil company is trying to get rich quick, and has no regard for the harm they're doing along the way. It's not making things of value, it's chasing a gold rush. An evil game company isn't really interested in making games, it's too busy playing a game -- a game with the stock market, usually. It views players as weak-minded cash cows; and it views its developers as expendable, replaceable tools to create the machines that milk those cows.
It seems since Pierce is the only one who ran into this problem that he is the only person working there who had actually written an entire game from start to finish and created a company to sell it. That means he is the most experienced and competent person there. The assertion that he is incompetent and they were about to fire him can't be taken seriously at all; it's obviously said in spite.
It is interesting that CEO Dan Porter identifies himself in the tagline to his @tfadp twitter account as "creator of epic game Draw Something". This pretty clearly suggests he created that game. Which actually, he didn't. He doesn't even know how to code or to design, and the game itself is a clone of another game so he didn't come up with the concept either. Only in this blow-up's damage control attempts does he even acknowledge that anyone other than himself was involved in creating the game. His assertions that Pierce was stealing credit are obviously psychological projection about his own actions.
In his CV we see that Pierce has a long history of positions, quite varied, and none of them held very long. This is consistent psychologically with the sort of person that the rest of his situation indicates he is.
Do you mean Porter, not Pierce?
It'll be hilarious if he ends up on the leaderboard because of his former boss's lack of civility and professional decorum.
If by "many" you mean everyone who knows what the word petty means, then yes, it is seen by many as petty.
As a CEO this reflects very poorly on you. If he was so weak, why was he on your team?
And this seems bizarre behaviour on OMGPOP's part - he was entirely complimentary to OMGPOP and he publicly disclaimed credit for Draw Something. Even if you did hate him and the press he stirred up, the best way to make it go away is to completely ignore it. Why on Earth would you make this the story?
Further, Porter's the one who set up the retention process in a way that forced somebody out the door over a perfectly reasonable issue. A manager who's first instinct for a problem is to blame others has a big problem. One who does it publicly is a fool.
Shay probably didn't have a lot at stake and it was just a job, as a leader it's a sign of leadership failure if your troops don't follow you which is what the CEO is likely insecure about. He's also working at Zynga and who knows what the management team will think next week about what OMGPOP really contributed to Zynga.
Both of them look incredibly insecure, but Mr. Porter is the guy with $200 mm in the bank who is expected to show some class. If Shay's weak why even pay attention, just smile that you avoided bringing a weak link with you.
Now, I had read Shay's post when it made headlines on HN. Maybe I have to go back and re-read it, but I didn't click away thinking that OMGPOP's best programmer decided to bail on the buy-out. I don't think Shay claimed they would fail miserably without him.
Obviously Shay was seeking to gain some publicity off recent events, maybe even boost revenue on his side-project game. Yeah, I can see how Dan Porter might think Shay's pissing in his soup. So, Dan, respond to the damn allegations, don't just go all ad hominem on Shay's ass.
I would have gone with something like "I disagree with what Shay had to say about OMGPOP, we're loving it here at the evil empire, but I wish him the best at his next venture." You even have 2 characters to spare, Dan!
Needless to say, having just read this I deleted the app a couple minutes ago. They can keep my dollar, for all the good it will do them.
Remember that if you choose to uninstall the app, also go into Facebook and remove the app from their as well.
I mean, if you disagree with a potential employer's" values", it's career suicide to write a widely distributed Op-Ed about it unless that value is something like "Don't club baby seals" and you have hard proof that said employer is actively clubbing baby seals. Calling them evil over what is essentially a contract dispute (even if it's a perfectly valid contract dispute) would make me think twice before negotiating a contract with him. If he's writing an Op-Ed about them, what's to prevent him from writing an Op-Ed about me if he doesn't like my terms?
From all we've read about Zynga they seem to fit the bill just shy of actually clubbing animals...
Imagine the viral traffic you could get when people have seen "moe clubbed two obnoxious baby seals" in your facebook ticker a few times an hour for a while.
I respect honesty, priorities and transparency. I'd hire the guy. We aren't MBAs, after all: our goal isn't to hide behind a web of obscurity while we sell our clients bonds too toxic for us to hold. We want to hire people with side projects as long as they won't distract from their work for us.
He will have lost some crappy jobs at crappy companies that want cogs instead of collaborators. I don't think it's going to be a major disappointment for him.
It's not career suicide. People should talk about shitty places to work more often, and there's no way Zynga can keep another company from hiring the guy. The only time you see "you'll never work in this town again!" work is when all the companies are colluding to control the labor market. In programming that hasn't happened yet, so he can say pretty much whatever he wants and still get a job.
In fact, it was easier for me to get a job after I demolished Ruby on Rails for being the piece of shit that it is. People like honesty.
In a perfect world, people would be able to expose employers who are doing wrong with impunity. In the real world, it's difficult to do so without repercussions. How do you think companies like Zynga can still recruit developers?
Personally, I'd have no trouble hiring Shay Pierce. I like it when people I hire have some backbone and some moral sense. Obedience is occasionally useful, but making software is essentially a creative effort (as is starting a new company). For that, you need people who can think independently from the basis of shared values.
What I meant to say was... I want to celebrate the people who worked on the game. Who have stuck together. They are everything. Thank you.
He also responded to Notch[2] saying: @notch it's been a the craziest ride. So yes I may be temporarily insane. I just wanted my team who stuck with us to shine.
[1] https://twitter.com/#!/tfadp/status/186436787617529856 What's so interesting about success is the number of failures who try to ride on your back. Shay Pierce is just one of many...
Although now he's deleted the offending tweets and posted this: I'm sorry for what I said on Twitter last night. No excuses."I apologize unreservedly to Shay Pierce. What I said about him was untrue and unkind. I regret that we X", where X is the mistake he feels he made in handling Pierce's situation.
When the game blows up ... and one employee, who didn’t work on the product,
and is more about his own games then the team, jumps in the press and becomes
the story, it is very hurtful to all the people who are on team.
[W]hen you give blood, sweat and tears on something and someone who doesn’t
even work on the project, and prioritizes his own games as his own professional
development over the team, becomes the story it is very demoralizing.
[M]y point is that it wasn’t about Shay. It was about the 41 other people who
made it happen. Those are the people I would throw myself in front of the
train for and those are the people I want to celebrate.
So, to recap, Shay was fired (for refusing to accept a change in the terms of his employment) and wrote about it. Porter still seems to take offense that Shay wrote anything to distract from OMGPOP's preferred message, continues to call out Shay for not being a team player, and says he would throw himself in front of a bus for every OMGPOP employee except Shay.He didn't apologize. After an apology, you need to back up your words with actions.
I'd much rather see him apologize and kept his original mistake available.
If it is true, then I gues that OMGPOP will be a great addition to Zyngas "culture".
Does anyone know how those retention clauses usually work?
However, there was a second tweet that did explicitly mention Pierce. Here's a screenshot showing both: http://i.imgur.com/Dob8n.jpg
The text of the other tweet is "What's so interesting about success is the number of failures who try to ride on your back. Shay Pierce is just one of many...".
These tweets were on March 30, so they are not April fools jokes.
[1] http://www.gamasutra.com/view/news/167244/Turning_down_Zynga...
Our window for reaching its peak was gone. I sat in our tent, unable to do anything, while my dream of climbing Mount Everest faded
It's wrong to quote them as saying
"Our window for reaching Mount Everest's peak was gone"
Even though the "its" is clearly referring to Mount Everest. There are a couple options, the simplest being:
"Our window for reaching [Mount Everest's] peak was gone"
What worries me is that people don't know this. That you can just substitute/fill in a quote because it's obvious that's what the person meant. Rather, it should be thought of as a recording device that can only play back exactly what the person said.
Sentiment towards the likes of EA and Sony are at an all-time low for their consumer-hostile behaviour, and I think the market is ripe for being shaken up. We've already seen in recent weeks that the games-playing public are prepared to reach into their wallets even in the middle of an economic downturn and help fund videogame projects through Kickstarter.
If the people who make videogames refuse to be treated like disposable commodities by obnoxious pricks like Dan Porter by boycotting working for them, then eventually these organisations will have to change their ways, or risk being replaced by companies who will treat their staff with respect and humility.
Connectrode [1] - purchased. It's not my usual kind of game, but it's the best way I can think of to show support.
[1]http://www.deepplaid.com/connectrode/Site/Connectrode.html
[Edit - actually it's pretty good!]
Apparently the company's backlash against Shay Pierce had begun on Thursday: http://www.sfgate.com/cgi-bin/article.cgi?f=%2Fg%2Fa%2F2012%...
However, I think if an employee looks up Shay's details, they will first find his op-ed calling Zynga "evil". I guess if they are concerned about the OMGPOP tweet, then they will be REALLY worried about the op-ed!
One bad mouths a former employee because he refused to join the acquirer on grounds of principles. The other distributes wealth among employees.
I have no doubt Mr Pincus and Mr. Pierce will have a lot in common at Zynga.
Show him he made the right decision.
In general I'm just amazed by this. Is it even legal for your employer (even if it be an ex-employer) to talk about you in this way?
Most employers would have a fit if you got on the phone, even in a private conversation, and bad-mouthed an ex-employee you managed because of defamation lawsuit fears. And that's from a one-on-one, he said/she said deal. Blasting this stuff over twitter is so much worse.
tl; dr -- Zynga's lawyers are probably in crisis mode right now.
Dan Porter has gone from startup to upstart. With all the negative implications that word brings.
And with all the brevity a tweet requires.
>Loved Draw Something, saddened by your acquisition. Disgusted by your tweet Have deleted Draw Something. Will never use Zynga Games.
When a Employee things about his own interests and the interest of his product : He is selfish, evil and a non team player.
Good hardworking people != somebody who MUST work for free sacrificing their time and energy to make somebody else a millionaire.
Wow. Just wow.
In other news, they're excited to announce the opening of their Siberian office.
"Porter admitted that the he was harsh in his language describing Pierce. “Yes it was, but my point is that it wasn’t about Shay. It was about the 41 other people who made it happen,” Porter wrote. “Those are the people I would throw myself in front of the train for and those are the people I want to celebrate.”
I read the Shay Pierce article when it was published and it was very respectful of his former employers...but it didn't have to happen now. Why did he write that article NOW? There is already a well deserved Anti Zynga sentiment and that article made his fellow employees look as if they were traitors to the forces of good. He admits that he has done work for Zynga in the past but then drops lines like "Not everyone shares my values, and not everyone is in a position to pick and choose job offers.". While true I can see how it can rub the people who choose to move forward with the Zynga acquisition the wrong way.
I don't agree how Dan Porter dealt with it, but I can understand being upset by that article being published right at this moment.
How would holding off on the article change the contents? It wouldn't.
Timing matters, he struck while the iron was hot. There is no reason he should self-censor himself for the benefit of a company that looks like it's run by a bit of an ass.
I didn't read that into it. The original piece by Pierce simply made the case that it's unethical for Zynga to gain ownership of a game he made and marketed completely in his own time, and since they were inflexible on that point, the decision was relatively straightforward for him. He then went on to criticize the design of Zynga's products, to explain how that made his decision even easier. The implication that other former coworkers are compromising their character by joining Zynga is never made by Pierce; it's your own interpretation.
I have the Thunderbird Confirm-Address addon installed, to give me one last chance to check if I'm sending a message to someone who probably shouldn't receive it. Like the boss. Which happened.
https://addons.mozilla.org/en-US/thunderbird/addon/confirm-a...
I remember once I sent some email to some friends, after a very hard night of drinking. I knew I was drunk while I wrote, and I tried my damnedest to write coherently, with no errors. I was very proud when I checked it over and clicked Send. I was astounded the next morning when I read it over, at how obviously drunk the writer was.
Then I figured out adblock was showing me cats for april fools day, and I was a bit disappointed.
I worked on Wall Street 2006 to 2008, and I had friends on the Street before that. I went into "tech" in 2008, saw the mini-crash and read the Sequoia ScareDoc, and now I'm watching this bubble.
Wall Street has a bad reputation, but I've seen far worse ethics and much less professionalism in technology, which is supposed to be above that garbage. On Wall Street, people know what the rules are. They're pretty clear, because the scummiest shit has generally been tried. You front-run your customer, you go to jail. You get a reputation for being unethical, it ruins your career. You defraud people, you get fired for life from the securities industry. You have to take a Series 7, so you have no excuse. Sure, the industry has some slimeballs and some slip through, but not so brazenly, and they at least are supposed to feel bad about it. In technology these days, there are so many people who don't give the square root of a shit about making good software but just want to play the angles. The vast majority of them aren't engineers, those who are tend engineers turning into junior executives by putting their ethics through a fire sale, but none of those fuckers belong here.
Google: generally professional and probably ethical macroscopically, but careerist to a fault. Bureaucratically overgrown. Full of horrid legacy systems that are built to flip-- specifically, to be "interesting" enough to merit a promotion for the original architect, who then moves on before it goes into maintenance phase and falls to pieces. That's how you get promoted at the big G. Launch and flee, every 18 to 24 months.
Startupland: I can name two major ($100M+ valuation) VC-funded companies that have committed major ethical faults in the past 6 months (one wasn't published and won't be, one developed last week and might be in the next 3 weeks). Both of these startups have some of the best, nicest, and most interesting engineers I've ever met... but are run by scumbag executives that would have fit in better with 1980s private equity people than with the (more decent, much more boring) typical Wall Street quant. I've never met a VC and I'm sure they're not all bad, but my theory is that the scumbaggery in so many VC-funded startups has to come from the top. I assume they fund people who are like them, and that would make sense, given that VCs are mostly MBAs, and something like 60 percent of B-school students at top schools cheat in their coursework.
Why do I bring this up? Because it's fucking nuts that some unprofessional, vindictive jerk like this guy was just acquired for $200 million. The world is seriously on tilt here. What are we even doing?
About those worthless MBS that got sold: Should we expect the death of Goldman anytime soon?
Wall Street's a big industry and has a lot of unethical people in it, but corporations are good at distancing themselves from bad actors (even if they supported them while they were being scummy). People have a hard time recovering from a bad reputation; companies reinvent themselves more easily.
Lloyd Blankfein hired a criminal defense lawyer in order to prepare for charges. (http://www.huffingtonpost.com/2011/04/14/goldman-financial-c...)
After how many years should we expect his ouster by the board?
If you're a VP or a middling MD and you get a reputation for being scummy, it hurts you. Not to say there aren't lots of scummy people at middle ranks of banks; it's just that getting caught doesn't help you.
Corporate executives, on the other hand, are a different breed and live in a world that's much more tolerant of scumbaggery (like the world of politicians and well-connected people in general).
The upper class is the same whether you're in finance or non-profits or regular corporate America. They like scumminess. Or, at least, they're more invested in the mob-like tendency to always protect their own than any other ethical principle.
So Goldman managing director, Scott L. Lebovitz sat on the BoD of a company which hosted of the biggest forum for sex trafficking of under-age girls. Village Voice Media had 70% of prostitution ads.
Is this what hurt him that he had to step down after many years?
http://www.nytimes.com/2012/04/01/opinion/sunday/kristof-fin...
BTW, we can play this game all day. If you think that there is an iota less scumminess on Wall Street, then you haven't worked there or looked too carefully.
I think there's way more scumminess on Wall Street than in technology as a whole, or than in the private-sector in general, but I think the current crop of darling-at-the-ball social-games/network-coupon VC-funded startups have some really scummy executives. This is something I've observed through experience, and it surprised me a lot, to tell the truth.
Also, what you say isn't true. Google has the shallowest management structure and the most aggressive attitude towards refactoring (both in the large and small) of any company I've ever worked at. I'm sure that you could find plausible complaints to make about Google, but these two aren't even close.
Then there is the rampant abuse of process that goes on related to Perf. I know one person who, as a protest, wrote negative unsolicited feedback to 5 random Googlers each cycle. I would actually say that he is a lot more unethical than Perf's designers, but it just shows how silly the whole system is.
Then there's Real Names (for which people were PIP'd if not fired, even though Google is supposed to be so open it would never do that). Don't get me started on that shit. With Real Names, I can only ask: do you not want your product to succeed? Are you afraid of users?
I think Google is unethical to promote and retain, in management positions, sometimes with global impact, severe and obvious incompetents in the same way that it's unethical to let a 4-year-old fly a plane. If you're a billion-dollar company, you have no excuse for promoting the kinds of stupid fucks who think that company-wide stack-ranking is good for your culture. That shit might make sense in a piece-rate sweatshop, but not in tech.
http://articles.businessinsider.com/2012-03-14/tech/31163139...
I...I think I love you.
The founders ideals are torn to shreds the moment the management layers begin to take control. Management by leadership either works only on paper or there are very few people who follow it.
Most managers rank only by following methods. The most competent guy is always seen as a threat. Promotions and rewards are given to guys who can polish their boots and offer a degree of allegiance to them. And a guy who is capable of growing and doing something on himself gets kicked in the teeth. Nepotism, partiality and biased behavior are extremely common in management layers.
This is not restricted to one company alone.
I think your problem is: you can't work at Google if you want ego-inflating titles for doing nothing. When I was at Bank of America, the lowest title you could have (if you weren't hired straight out of college, that is) was "Vice President". It inflated your ego but meant nothing.