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rightbyte | 25 days ago

The product is the stock price, not Office or Windows. From that perspective they are doing it right.

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alsetmusic|25 days ago

And this is the broken mindset tanking multiple large companies' products and services (Google, Apple, MS, etc). Focus on the stock. The product and our users are an afterthought.

Someone linked to a good essay on how success plus Tim Cook's focus on the stock has caused the rot that's consuming Apple's software[0]. I thought it was well reasoned and it resonated with me, though I don't believe any of the ideas were new to me. Well written, so still worth it.

0. The Fallen Apple - https://mattgemmell.scot/the-fallen-apple/

jamesnorden|24 days ago

Is sacrificing everything for short term gains really the right move in any situation?

rightbyte|24 days ago

Dunno, hard question, but I think the payoff to executives is tied to stock performance in such a way that messes with the equation a lot.

What is on stake in the long term? Their legacy? Both in term of feel-good and getting the next job if they are not in the end of their career.

DougMerritt|24 days ago

That's an excellent question, but the answer would depend on goals and the evaluation system used.

It seems to me that CEOs have a different opinion than anyone who cares instead about actual people.

fallous|25 days ago

The investor being the customer rather than actual paying customers was something I noticed occurring in the late 90s in the startup and tech world. Between that shift in focus and the influx of naive money the Dot Bomb was inevitable.

Sadly the fallout from the Dotcom era wasn't a rejection of the asinine Business 2.0 mindset but instead an infection that spread across the entirety of finance.

autoexec|25 days ago

In particular it's the short term stock price. They'll happily grift their way to overinflated stock prices today even though at some point their incestuous money shuffle game will end and the stocks will crash and a bunch of people who aren't insider trading are going to be left with massive losses.

saghm|25 days ago

Stock price increases that don't lead to higher dividends eventually are indistinguishable from Ponzi schemes after the fact.