Gyroscopic Investing

I'd be more worried about who is going to pay the $150 million dollar price tag for "diversity and inclusion" than buggy software. I doubt that it will be passed on to shareholders of which I bet almost every one on this forum is one in some form or another (yourself possibly excluded).

In my experience as a software developer, "diversity hires" tend to be put in non-productive positions and not let anywhere near the assembly line where the rubber meets the road.

But as a shareholder myself it's probably not an irrational thing to do - if you can avoid the "racist" label or even having your company attacked and office buildings burned down by rioters.

pp4me wrote: ↑Fri Jun 26, 2020 3:17 pm But as a shareholder myself it's probably not an irrational thing to do - if you can avoid the "racist" label or even having your company attacked and office buildings burned down by rioters.

That's a bad strategy because as we are now seeing, the mob is never satisfied.

flyingpylon wrote: ↑Fri Jun 26, 2020 3:31 pm

pp4me wrote: ↑Fri Jun 26, 2020 3:17 pm But as a shareholder myself it's probably not an irrational thing to do - if you can avoid the "racist" label or even having your company attacked and office buildings burned down by rioters.

That's a bad strategy because as we are now seeing, the mob is never satisfied.

All depends on what kind of stand you are willing to make for a principle, especially when the opposition is more powerfully armed and more highly motivated than you are, which seems to be the case right now.

pp4me wrote: ↑Fri Jun 26, 2020 3:17 pm I'd be more worried about who is going to pay the $150 million dollar price tag for "diversity and inclusion" than buggy software. I doubt that it will be passed on to shareholders of which I bet almost every one on this forum is one in some form or another (yourself possibly excluded).

In my experience as a software developer, "diversity hires" tend to be put in non-productive positions and not let anywhere near the assembly line where the rubber meets the road.

Yes, that seemed to be what they were doing when I was working there. But I'm sure that will be considered RACIST now.

pp4me wrote: ↑Fri Jun 26, 2020 3:17 pm But as a shareholder myself it's probably not an irrational thing to do - if you can avoid the "racist" label or even having your company attacked and office buildings burned down by rioters.

If. As @flyingpylon has pointed out, that doesn't work very well because it just makes them bolder.

The only solution that will work is a tremendous crackdown on these thugs. They need to be arrested and tried for insurrection.

Libertarian666 wrote: ↑Fri Jun 26, 2020 4:41 pm

pp4me wrote: ↑Fri Jun 26, 2020 3:17 pm I'd be more worried about who is going to pay the $150 million dollar price tag for "diversity and inclusion" than buggy software. I doubt that it will be passed on to shareholders of which I bet almost every one on this forum is one in some form or another (yourself possibly excluded).

In my experience as a software developer, "diversity hires" tend to be put in non-productive positions and not let anywhere near the assembly line where the rubber meets the road.

Yes, that seemed to be what they were doing when I was working there. But I'm sure that will be considered RACIST now.

pp4me wrote: ↑Fri Jun 26, 2020 3:17 pm But as a shareholder myself it's probably not an irrational thing to do - if you can avoid the "racist" label or even having your company attacked and office buildings burned down by rioters.

If. As @flyingpylon has pointed out, that doesn't work very well because it just makes them bolder.

The only solution that will work is a tremendous crackdown on these thugs. They need to be arrested and tried for insurrection.

I agree but what do you think the odds are that this will happen.