Your points are exactly why it is surprising. Most executives don’t think like me and you. If you give them a million dollars, they say they need 10 million. If you give them a billion dollars, they say they need 10 billion.
I think hidden in there is a misconception about capitalism, that its about competition and being the best. While its a nice myth for grade school civics about why we are capitalist its just not the case. Capitalism is about profit. As long as you have it and its growing you are doing well. Intel did get very complacent, but it was still projected to grow and be profitable.
UnderpantsWeevil@lemmy.world 1 day ago
Sure. If you show up with a bag of money, they’re going to tell you they need two bags.
But if you ask them to work twice as hard to get that second bag? Suddenly, you’re asking too much.
They do. They’re just not the companies people get excited about. Tons of US business is conducted by C-levels who are barely more than figureheads, commanding massive salaries to glad hands a few friends in between golf games.