r/technology • u/DontFearTheCreaper • 20h ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
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u/mdp300 17h ago

And at the same time, guys like Jack Welch who turned GE from an engineering and manufacturing company into a finance company, and who started the whole "maximum possible profits this quarter are all that matters" philosophy.

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u/m3g4m4nnn 17h ago

Obligatory "check out the Behind the Bastards podcast episodes on Jack Welch".

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u/Three0h 14h ago

Also hijacking this comment to suggest everyone try listening/watching stuff made by Gary Stevenson. Fantastic speaker, economically inclined, and he is someone who knowingly walked away from millions of dollars as a trader.

Here’s his video on how to stop the economy from collapsing

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u/VinnieVidiViciVeni 16h ago

Ironically, he is quoted as saying shareholder primacy is the dumbest idea of all time. Not mentioning in defense of him, more an indictment of the system. And F him, also.

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u/reddollardays 14h ago

My ex-FIL worshipped that guy. He would bring his book to every family gathering and preach about what a hero he was, it was sad.

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u/DaddyDontTakeNoMess 12h ago

And they celebrated that ninja like he’s a financial genius.