Re:How CrowdStrike Stopped Everything
by markus_zhang on Monday September 02, 2024 @09:41AM
(#41425313)
I don't really think it's possible to get rid of the finance mental models. Maybe momentarily at the best -- and that's why excellent engineers leave when "the company becomes too big". Everyone living in the real world has to think about his/her own financials and companies are obliged to do that too.
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but there's the principal-agent problem (https://www.investopedia.com/terms/p/principal-agent-problem...) laying in there somewhere.
The people making financial decisions are incentivized to minimize the financial cost (or maximize the gains), but only for some time period that's shorter than the life-time of the company, which, as far as the owners/shareholders are concerned, should be infinite.
So this has an inherent bias against long term decisions that would've been better, but makes short term look bad, in favour of better short term decisions. Then the agent just leaves for greener pasture after their "short term" is over.
Re:How CrowdStrike Stopped Everything
by markus_zhang on Monday September 02, 2024 @09:57AM
(#41425423)
I don't think we disagree on this? Maybe I misread something...