• RejZoR@lemmy.ml
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    6 months ago

    He looks so fucking clueless and straight up lost. How is this guy a fucking CEO? Or just a useful idiot for others to complete that Ai circlejerk where everyone is dumping billions into each other companies to pump up the stocks?

    • Hapankaali@lemmy.world
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      6 months ago

      How is this guy a fucking CEO?

      Wealthy background. Dropped out, got lucky with a startup and sold his stake for a decent sum, gaining enough momentum to keep failing upward.

      The guy is absolutely clueless, which can be mathematically proven on the basis of the fact that he invested in a crypto firm.

      • Jhex@lemmy.world
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        6 months ago

        got lucky with a startup and sold his stake for a decent sum

        He didn’t get lucky… him and others bamboozled investors into buying Loopt which was never functional, once sold, it shut down in months. Exactly what he is doing right now

        https://www.youtube.com/watch?v=l0K4XPu3Qhg

        Early days discussion (what I am referencing here) starts at 2:15

        • Asafum@lemmy.world
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          6 months ago

          I wish I had no morals… Life is so easy when you don’t give a single fuck about what you do to others… It’s so infuriating to see how many wealthy people have amazing lives because they simply don’t give a single fuck about anything but themselves.

          Sociopathy is greatly rewarded in this stupid world we live in. :/

        • Hapankaali@lemmy.world
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          6 months ago

          I didn’t really look into what this startup did, but it doesn’t surprise me. Elon Musk has a very similar kind of story, bullshitting his way to being a billionaire. The system is very heavily stacked in favour of dishonest people.

    • 🇨🇦GreenBeard🇨🇦@lemmy.ca
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      6 months ago

      I just want to be clear, most CEOs aren’t smart. They have a slightly higher median intelligence than the wider population, but by and large CEOs are no more talented than your average used car salesman. While there’s certainly outliers (on both sides), most intelligent people don’t start careers in a field with an 80%+ chance of failure in the first 5 years. Altman’s success in particular is 50% luck, 50% being a very convincing liar. These people aren’t geniuses, they pay people to think for them, which is why having a machine think for them sounds like a great idea.

        • 🇨🇦GreenBeard🇨🇦@lemmy.ca
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          6 months ago

          I mean no disrespect to Carl, but he has a very generous take on how we got here. I’m sure it’s happened that way somewhere, but how common is it really? I’m more inclined to believe people are more easily suckered by confident incompetence than they like to believe.

            • 🇨🇦GreenBeard🇨🇦@lemmy.ca
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              6 months ago

              I’ve worked for quite a few major companies now, and the one thing that always gets me is the top brass always think they have magical intuition about people. That’s how they justify it, both to themselves and to others based on what I see. The ones they’re promoting are the ones they think are just smart enough to keep the wheels running. What they actually are are just straight up idiots who are very good at taking credit, and deflecting blame, and have no other notable talent. And then they just keep failing upward, leaving a wake of failure that is always someone else’s fault or “valuable lessons” that didn’t have to be learned the hard way if they were actually capable of thinking critically.

              These people don’t “Fake it 'till they make it” they just fake it, and keep faking it, because they have no idea what they’re doing, but they’re a much more successful predator than their peers as they cannibalize the company from within. And then these parasites make it to the boardroom and any chance to slow them down vanishes. I’ve seen it play out exactly like that a dozen times, at promising startups, and venerable old-guard corporations, Fortune 500s and corner stores.

                • 🇨🇦GreenBeard🇨🇦@lemmy.ca
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                  6 months ago

                  That’s one of the most humble CEOs I’ve ever heard of. Most will spin you a yarn a mile long about how all their success was their own brilliant strategy. Their survivorship bias regarding all the ones that were just as capable and worked just as hard, but never got their shot or were effectively given a field promotion to captain of a sinking ship is wild. Their self-awareness, and recognition of the field of corpses they happen to be the last-man-standing in frequently seems to be lacking.

                  And as for the parasites in the boardroom, the decision to move executive compensation packages to stock options instead of a salary decades ago had consequences I don’t think the Old Money folks fully respected. How the parasites came to control that grade of F.U. money is not trivial.

    • Soulphite@reddthat.com
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      6 months ago

      A lot of CEO’s could say they have no clue what they’re doing and mostly just ‘faked it till they made it; and still fake it’

    • Chulk@lemmy.ml
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      6 months ago

      How is this guy a fucking CEO

      I think that psychopaths naturally claw their way up to that position, so it checks out