452 karma · joined October 19, 2022
You have to love it. Shrewd as hell.
Untrustworthy. It’s wild how enterprises have overlooked the rampant problems at MSFT for decades.
- Board is mostly independent and those independent dont have equity
- They talk about not being candid - this is legalese for “lying”
The only major thing that could warrant something like this is Sam going behind the boards back to make a decision (or make progress on a decision) that is misaligned with the Charter. Thats the only fireable offense that warrants this language.
My bet: Sam initiated some commercial agreement (like a sale) to an entity that would have violated the “open” nature of the company. Likely he pursued a sale to Microsoft without the board knowing.
Congratulations, you’ve now significantly increased the cost of all the goods going into California. You’ve only moderately reduced the climate burden and likely increased the amount of traffic via container ships that pollute significantly more.
Seems like SK is more suffering from an overwork culture that leaves little time for anything outside of work. Fastest way to destroy fertility rate is wage slavery.
US studies for example don’t always consider that women overindex in less technical careers (teaching, humanities, etc), often those that have lower salaries but significantly higher benefits and more flexibility. Women also overindex in part time positions.
- Government free money policies
- Virtually guaranteed loans that made money easy and invented lenders to lend exorbitant sums without questioning the efficacy of the degree
- Colleges reacting to demand and greedily inflating tuition costs and adding admin costs - feeding the bureaucracy
- Parents valuing credentials over impact of college degrees and creating a biscuits “tiger” cycle that extends from toddler age to excel
- Graduates of colleges knowing the issues and continuing to feed the ‘old boys club’ behavior.
- Laws and regulations a certifications that are so overwhelming the only way to be certified is an expensive degree (even for low risk jobs)
We are ALL to blame. Blaming one part of this isn’t going to solve the problem. It’s a basic problem of greed fed by lack of risk.
I think the solution here is to introduce risk in the process. Make lenders foot the risk of defaults. Allow borrowers to declare bankruptcy. Allow companies to create apprenticeship programs without incurring legal risks. End the Fed :) . Retool our educational system to cater to the vast majority of non college students to learn useful life skills and technical skills versus mandating crap for all students. Kill or reduce most school sports funding as %of total academic spending. If you are spending anywhere close to 10% on sports, full stop.
It’s fine to create regulation that’s voted upon, it’s not okay to use financial firms to push moral or societal change in collusion with governments.
It won’t make a drop, but it’s more than these corrupt/stupid banking execs got in 2008.
It’s akin to a poorly developed benchmark that doesn’t consider all the real world factors but tries to win on one vector.
Here are some other intangibles:
(1) Subscription pricing is difficult to scale upwards. The concepts of upsells and new products are difficult to execute and increasingly result in lower and lower adoption. Each new capability needs to be “sold in” with a new sales motion creating endless amounts of feature creep and unused features.
(2) If your costs are variable and your revenue is fixed, you better hope your customers don’t like you or your product is really simple. Otherwise, you risk more margin compression as customers use you more and more beyond what you modeled. The difference between your ARR and the cost to serve gets smaller. Like a perverse Innovators Dilemma.
(3) Innovation tends to be simpler with usage based pricing, when done right. In a subscription model, product teams tend to be much more conservative. Each new sellable feature needs to be fully supported with training and enablement for sales teams. When the product fails to grow like the first product, then the sales team becomes increasingly more conservative. It’s a viscous cycle.
Usage- based pricing makes a lot of the above moot. If any existing or new benefits of the product are offered to all customers, then it actually aligns the incentive of your company and your customer. Use more to drive revenue (you) or use more to get more value.
Of course, marginal value isn’t always the same, so that’s when usage tiers develop.
Now how you quantify all this I’m not sure. But there are far more simplification benefits to usage based pricing.
Edit - one other point, so many articles are also sourced from Reuters and AP that the Media, while different companies all have the same source material.