alt Hacker NewsIm convinced none of these people have any training in corporate finance. For if they did they'd realise they were wasting money.
I guess you gotta look busy. But the stick will come when the shareholders look at the income statement and ask... So I see an increase in operating expenses. Let me go calculate the ROIC. Hm its lower, what to do? Oh I know, lets fire the people who caused this (it wont be the C-Suite or management who takes the fall) lmao.
Do you really think companies have started spending millions on tokens and no one from finance has been involved?
You could argue that all the spending is wasted (doubtless some is), but insisting that the decision is being made in complete ignorance of financial concerns reeks of that “everyone’s dumb but me” energy.