How Shareholders Are Destroying The Tech Industry

07/12/24 • 55 min

The shareholder supremacy has eaten the tech industry, driving private and public companies to chase unprofitable, unsustainable ideas like generative AI as a means of expressing eternal growth to the markets. In this episode, Ed Zitron walks you through how this destructive mindset has created an entirely new kind of manager - one disconnected from labor and creation - and how the dark hand of shareholder supremacy is behind everything strange and bad in tech in the last few years

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07/12/24 • 55 min

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Better Offline - How Shareholders Are Destroying The Tech Industry

Transcript

Speaker 100:00:02.479

All Zone Media. Oh hello, fancy meeting you here. I'm at Zetron and this is better offline. Also in the previous episode, I walk through how General Electrics Jack Welch created the disgraceful terms of modern capitalism. A corporate mindset where thousands of people are laid off the boost revenues when a company is making millions or billions of dollars in profits, and an era of growth at all costs. Corporations that create nothing but sharehold

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