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A comment on Companies controlled by PE firms use bankruptcy to shed pension obligations. Parent comment

Re:Companies controlled by PE firms use bankruptcy to shed p... by thinkr42 on Monday December 31, 2018 @10:56AM (#18795044)
I hadn't thought of this to be honest, but I do faintly remember the IT / Dev team using the "not technically feasible" line a bunch whenever Marketing would come through with stuff. Used to get me angry quite a bit and I saw it translate a bunch to lost revenue and increased costs.

I don't know how much of this got sent out of Marsh and up to Sun though.

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Re:Companies controlled by PE firms use bankruptcy to shed p... by Spooky23 on Monday December 31, 2018 @11:52AM (#18795409)
Lazy IT people are always a good excuse too. Especially in CFO driven IT shops.

I've seen people waste millions on magical systems that did very little out of inertia. In one case, a system with something $10M in annual costs that managed terminal (as in VT-102 terminal) and line printer assignments. A decade after the printers were trashed and terminals moved to a (almost equally offensive) very expensive web-based system.

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