this post was submitted on 24 Nov 2023
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A Googler who just resigned after 18 years reflects on the decline of the company he loved (ln.hixie.ch)
submitted 11 months ago by dantheclamman@lemmy.world to c/technology@lemmy.world
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[โ€“] profdc9@lemmy.world 37 points 11 months ago (1 children)

This is the behavior the maximizes short-term shareholder value, not building a long-term profitable, innovative enterprise. When some other company temporarily discovers a money spigot like Google did, there might be a brief resurgence of such an environment, but generally no one values or wants to protect innovation, as dollars are easily quantifiable and future potential is subjective. This is why 99% of the time people keep their head down and collect their paychecks.

[โ€“] chiliedogg@lemmy.world 15 points 11 months ago

Stock purchases should have a minimum investment period of like 5 years. Move the focus towards longer-term goals instead of quarterly profits.