Always has been

It's called futures. Do you even stonk?

It’s a faith based economy, and when a large amount of participants will believe 2+2=5 there’s no limit to the fuckery you can do!

There is an incredible amount of incompetance in executive class America. The shit floats to the top, and after decades of ass kissing they get appointed CEO. It's just one get rich quick scheme after another. 2008 everyone invested in the Hah-vud algorithm for free money in debt derivatives without anyone validating the algorithm, and 17 years later, same shit with A1.

These clowns are all hot boxing their own farts on Linkedin.

FOMO for CEOs

In this context or period?

The mentality of the gambler. There's a lot of people out there who have this addiction and just aren't fortunate enough to have lucked into becoming a CEO. That's how you know it's a lottery, and being born into riches is a shortcut.

Not just sunk cost, they see all this apparent press, writers, business leaders saying they have fantastic results, so obviously they most be doing something wrong.

I have seen it over and over again in tech. People are told that everyone else in the world is doing great with some tech and everyone is so afraid they are "not getting" something they won't say anything or else they will pretend they also "get it" and it is awesome.

Not even things that have marketing spend behind it, some programming paradigm or whatever. Marketing spend makes it worse, but all by ourselves everyone seems to be afraid to somehow be seen as a clueless Luddite at any second.

It's really weird when you attend some talk where the guy talks up sonething or another and then in more casual private conversation basically admits straight up that he actually doesn't see the benefit, but feels like he has to dance the dance.

the sea will come to them very soon.

The alternative is running everything by committee, which isn't always practical.

It's sad how few of you have taken the time to research or attempt to start a business. Of any sort.

People aren't evil for selling a service and registering it as a corporation which often requires a CFO and a CEO/President, even if the business has only a couple people. A lot of these businesses struggle financially just as much as any welfare recipient.

Do you think the only people who aren't evil are the non-industrious? It comes across as pathetic parasitic envy.

Luigi found a pretty good solution.

But, all jokes aside, the best solution is to start taxing these fuckers as hard as possible.

They keep saying LLMs will replace jobs. Maybe we replace their jobs and just see how it goes?

Yes. Yes I have. And I agree with you. The "starting to think" is an old Norm McDonald trope.

Yes. My last 3 were excellent businessmen and treated employees exceptionally well.

The one before that was a buffoon, but that was a tiny 13-person company. Our main vendor said, "He's a man who has found great success despite himself."

• some exceptions for CEOs that actually founded the company they remain in charge of, but they're in the minority for sure. There's probably variance by sector as well.

What a fucking retarded statement.

They don't get anything done they just ask other people to do stuff. Their job is to nag you and stress you out until you do stuff

We said the same thing about bush! Clearly they lost their luster damn near a century ago.

Ivy league degrees are only impressive if you're poor. Any idiot multimillionaire or above can buy one for themselves.

A car dealership here has started running podcast ads to that effect. Kinda rides the line between "we're your local car dealer" and "we're actually people".

Having the Courage™ to employ human workers.

So shocking.

Who, other than companies selling AI to other companies?

I'm sure that's what they're talking about.

I haven't seen any company selling end users AI at any price that looks like it could actually turn a profit.

It feels so very bubble.

You can’t usually replace people with AI per se, but there is a lot of routine work you can do more efficiently with the help of AI. And that in the end reduces needed staff.