I’ve been reading a couple of stories about large American companies over the last couple of weeks and seeing some broad similarities repeating themselves.

Boeing, a successful company, merged with McDonnell-Douglas, a failing company, in 1997—and somehow the MDD leadership wound up running Boeing. They immediately changed from an engineering-led manufacturer to a company run by financiers chasing stock prices. They started outsourcing everything, quality dropped, and now their decades-old reputation has been torpedoed.

There’s a new article about Google out this week, in which the author pins down the exact day they decided to make their search worse in order to increase their ad revenue. The similarity: a guy formerly from Yahoo, who ran their search division into the ground for seven years, forced out the guy who built Google’s search into the powerhouse we remember, and kicked down the wall between search and ads. Have you enjoyed using Google search for the last five years? It’s a piece of shit.

Meanwhile, roughly half the country is primed to re-elect a grifter who uses inflated stock prices to prop up failing businesses and avoid paying taxes, because he’s “good at business” or something.

Date posted: April 27, 2024 | Filed under money, politics | Leave a Comment »

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