Why is it so easy to snatch defeat from the jaws of victory in tech?

Greed. 100% greed. While I was there, the CEO loved to just fly between offices (randomly) on his private jet. You never knew where he'd pop up, and that put everybody on edge, because when he was unhappy he tended to fire people in large chunks (and shut down entire offices). Every decision was motivated by how it affected the stock price.

I'm just an outsider looking in based on a short paragraph, but that doesn't strike me as greed. How does firing entire batches of people help the stock price? Anyone with more business acumen than a cat will understand that it doesn't. "Oh, that office made a mistake? Let's fire the lot of them so they'll learn how to do better next time!"

Based on this, it seems more like an asshole with some attitude problems rather than greed per se.

At least a handful of Glassdoor reviews verify this sort of micromanagement. How awful and what an asshole.

That's a company that needs to be re-worked from the top. All C-level management fired, no golden parachute.

edit: Robert Pera owns 75% of the company, looks like C-level mgmt will never get fired. If you are at this company, just leave.

Even if greed is the only factor. Being unwilling to take a short term loss or hit while you rebuild or reinvest is just short sighted.

Most successes come with some amount of risk or foresight to anticipate the market.

I'd say stupidity first, greed second. There are a lot of private companies making a lot of money. Valve and Ikea come to mind.

Being private and successful is hard to achieve in the Capitalistic world we live in, when you achieve it stick to it.

It’s very easy to say “greed” because we want to believe bad things are always the fault of someone’s personal moral failings. Hopefully the tech community will start to realize that when the same problems keep occurring for the same reasons, it points to a systemic failure.

Have you worked for ubiquiti too like GP or are you just sprinkling random whatever words?

They had a coherent point and it wasn't buried in word salad. If you disagree, maybe you could express that with a few less whatever-words yourself.

As in... what, capitalism bad?

> As in... what, capitalism bad?

I think it’s best to be specific.

It’s the C-Suite circle jerk.

My apologies for the language, but throwing away the advantage and further potential of the USA, in the interest of personal wealth and quarterly profits, is even more disgusting.

The majority of America’s management culture is horribly broken.

On the plus(?) side this management culture sometimes allows for easy external disruption.

It's not enough to be good, or great, every tech company wants to be a world-spanning juggernaut. and it's just not possible, let alone desirable.

No - not every company ...

Just curious (I agree with you), but what are the s/ and /g for? Samsung and Google?

I think the OP is using the sed syntax [0] to say:

> Now rewrite your entire comment with sonos instead of ubiquiti.

[0] https://www.grymoire.com/Unix/Sed.html#uh-6

It is a `sed` command, used to replace (s/) all (/g) instances of the first word with the second.

Good tools support search and replace. Better tools support regular expressions.

https://linux.die.net/man/1/sed

It's how you do a text replacement in VIM, I believe it's s for substitute, /../ for the regular expression, and g for global, to substitute multiple instances.

Don't forget the % if you are using vim, to make sure you replace on all lines :)

:%s/ubiquity/sonos/g

That's the syntax for search on replace with sed on Linux.

“/s” stands for search and “/g” for “global” replace.