• 3 Posts
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Joined 3 years ago
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Cake day: June 13th, 2023

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  • The value of institutional knowledge is almost impossible to quantify and organizations are often totally inept at assessing the risks that come with losing it. Even if the risks are properly assessed and understood, the cost of mitigating them is immediate for a potential return on investment which is unknown.

    I know from personal experience that getting an organization to mitigate these types of risks is usually an up hill battle. Even when the organization can easily afford it.

    It’s easier to stick their heads in the sand and it goes way beyond just “white color” professionals. If you own a manufacturing plant, you could potentially lose a machinists annual salary, or more, in one hour of downtime. But I’ve seen at least a few large operations where the tool and die shop consists of one very overworked machinist. Management’s attitude is “oh, well we’ll just hire his replacement off the street whenever he finally decides to retire.”

    The only problem with that is that the current guy has been there for 20 years, knows where ALL the bodies are buried, and has the skills to bring the plant back online with a welder and some scrap metal.

    Even if the next person is really good at their job and magically shows up at the front door, it’s going to take them a while to get up to speed. That “while” costs money. In fact, it costs a lot of money. But there’s no way to reflect that on an income statement so nobody does anything about it.



  • AC/DC was my introduction to the “magic” of music. I didn’t like any of the stuff that was popular as a kid in the 90’s. But I was lying awake one night, flipping through the FM channels on my Walkman when I landed on the local classic rock station and the sound of Hells Bells playing. I was hooked. My tastes are a lot more varied now but classic rock still has a special place for me.

    All that to say, you bet your ass I’m getting in that car and joining in with the best impression of Brian Johnson’s “crotch on barbed wire” my vocal cords can muster.







  • On December 15, 1953, led by Paul Hahn, the head of American Tobacco, the six major tobacco companies (American Tobacco Co., R. J. Reynolds, Philip Morris, Benson & Hedges, U.S. Tobacco Co., and Brown & Williamson) met with public relations company Hill & Knowlton in New York City to create an advertisement that would assuage the public’s fears and create a false sense of security in order to regain the public’s confidence in the tobacco industry.[12] Hill and Knowlton’s president, John W. Hill, realized that simply denying the health risks would not be enough to convince the public. Instead, a more effective method would be to create a major scientific controversy in which the scientifically established link between smoking tobacco and lung cancer would appear not to be conclusively known.[13]

    The tobacco companies fought against the emerging science by producing their own science, which suggested that existing science was incomplete and that the industry was not motivated by self-interest.[11] With the creation of the Tobacco Industry Research Committee, headed by accomplished scientist C.C. Little, the tobacco companies manufactured doubt and turned scientific findings into a topic of debate. The recruitment of credentialed scientists like Little who were skeptics was a crucial aspect of the tobacco companies’ social engineering plan to establish credibility against anti-smoking reports. By amplifying the voices of a few skeptical scientists, the industry created an illusion that the larger scientific community had not reached a conclusive agreement on the link between smoking and cancer.[11]

    Internal documents released through whistleblowers and litigation, such as the Tobacco Master Settlement Agreement, reveal that while advertisements like A Frank Statement made tobacco companies appear to be responsible and concerned for the health of their consumers, in reality, they were deceiving the public into believing that smoking did not have health risks. The whole project was aimed at protecting the tobacco companies’ images of glamour and all-American individualism at the cost of the public’s health.[14]

    A Frank Statement




  • The problem is that it’s not just software. Shareholders and corporate “leadership” have collectively decided that they are willing to sacrifice any and all future success in order to make stock prices go up today. They don’t know where the business will be in five years and frankly, they don’t care. Virtually all of the big names have completely stopped innovating. Cramming “AI” into their shitty products and trying really hard to pretend that’s it’s something different or “new” when it’s just the same shit but with more bloatware.

    Manufacturing isn’t much different. I worked at a specialized industrial tool manufacturer for a few years. They were trying to add a new “smart tool” line and demoed it at an international trade show only to get completely excoriated by their customers who were all like, “Don’t even talk to me about ‘smart’ tools when the [very expensive] tools you already produce don’t fucking work.” But that’s how it goes when your business is built on acquisitions and the way you make your stock price go up is by coasting on your brand portfolios past success while simultaneously eliminating the people who made that success possible.