If you’re not a complete sociopath working in the business world, then you’re at least studying the sociopaths in order to navigate around them. Most people don’t realize that I’m a very experienced cynical burnout, and don’t trust anyone on the job. Loyalty and hard work have never served me other than for my own piece of mind, and after 20 years in business world, this is something that I accept. However, I couldn’t sleep at night if my hard work wasn’t honest. Apparently, others can.
The Academic world isn’t much better than the business world; undergrads get the 3.9GPA by taking four years of easy courses with professors who are either too afraid to fail students, or just don’t care. After all, Sociopaths get their start in college. Everyone knows those students; who decry that they want a better life through education, as long as it’s easy and scholarships/grades/papers can be manipulated.
Luckily, we have Graduate Schools that filter that out – of course I’m being totally sarcastic. Also just as luckily, being an experienced cynical burnout, I can usually see through the steaming piles of crap that are served on a platter with the hours d’oeuvres; and I’m NOT being sarcastic about that.
I suspect that IBM has a lot of executives that took all the easy courses in college to make themselves look smarter than they actually were. It’s a business “spin zone” of nauseous proportions. IBM from 1940 through 1990 ran on the model like this: if you worked for IBM, you were to give them your undying loyalty, offer a blood sacrifice, and name your first born after the CEO if you actually had time to fornicate with your wife in between changing your grey flannel suit. It was such a business model that Bill Gates and Steve Jobs told IBM to go screw themselves in the 70s, and started their own companies.
IBM just announced that they are killing their retiree health insurance because cost MAY increase by 2020. Meanwhile they blew $1.5 Million on having a giant part on Wall Street, according to their SEC Filings. Interesting how that investment party had nothing to do with investing to create a health insurance buffer, which would’ve made both retirees AND shareholders happy.
The result is that IBM is doing the same thing as Walmart except with its retirees; forcing them on to the government teat. But this is IBM we’re talking about. When the teat is that big, everyone gets in line for a suck.
There has always been a deep chasm between the business markets and economics. The business world could care less what economists have to say (Sociologist get laughed at), and economists have been working hard to make the business world less stupid. Unfortunately, that should’ve started in college.