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[–] 29 points 1 year ago (1 child)

The idea is just to get there first. If you make it one quarter before your competition then you get a a really good quarter.

Long terms plans don't matter to CEOs. Long term stability is not rewarded by capitalism.

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  • [–] 6 points 1 year ago

    Also if they believe the outcome is inevitable in the near future it's a certain kind of sensible to race to be first. It's a variant on the prisoners dilemma where they can see each other racing to rat the others out in the hope that the first will get a discount on sentence length.

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