alt Hacker NewsKind of no.
The example I am going to point to is TSMC/Morris Chang.
> During his 25-year career (1958–1983) at Texas Instruments, he rose up in the ranks to become the group vice president responsible for TI's worldwide semiconductor business.[19] In the late 1970s, when TI's focus turned to calculators, digital watches and home computers, Chang felt like his career focused on semiconductors was at a dead end at TI.
The guy was literal gold, and Texas Instruments pivoted away from him (I have also read that anti-Asian sentiment in the USA/TI created a glass ceiling where he could never be CEO
His ability to "hit home runs" was ignored in the USA, and only worked in his favour in the ROC/Taiwan. In both cases (positive and negative) it wasn't his ability, but who believed in him that made the difference.
Edit: At the risk of drawing (more) ire for making it political.
Almost all of the "isms" that the left are (in general) working to stop, are actually preventing economies from reaching their full potential - sexism, racism are the really big ones (because of the sheer numbers of people they affect)
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Well yea. If you truly look at US history, you'll see the current situation in 2025 is ultimately a huge counter reaction to the idea of colored people and women being able to work alongside Caucasians, and some of the latter just couldn't stand that. "when you're accustomed to privilege, equality feels like oppression"
So. Tear down the unions and regulations, let the rich consolidate wealth, and everything else in between for 50 years. They are still moserable, but hey. They feel better than Enrique over there who just wanted his kids to love a better life.
This might be a reasonable summary of the situation but I suspect it's vastly oversimplified. The trajectory of these businesses depends on more than who's name is at the top of the org chart. TI pivoting away from semiconductors and towards other goods may seem like a stupid move in hindsight, but even in hindsight it's not clearly the case. TI's move is basically them trying to be Apple or NVIDIA instead of Intel or TSMC. Because they failed at that, doesn't necessarily mean that attempting it was wrong.
And none of this necessarily has anything to do with Morris Chang personally. Many factors need to align for a company like TSMC to be successful. Morris Chang may be one of them, but there are other factors that may or may not have existed at TI. The claim that they didn't exist at TI because TI didn't like Morris Chang is not something we'll ever know for sure.