Thursday, 15 December 2016

Silicon Valley's CEOs are just like CEOs everywhere: banal financial engineers, not superheroes and supervillains

U.S. President-elect Donald Trump sits with PayPal co-founder and Facebook board member Peter Thiel, Apple Inc CEO Tim Cook, Oracle CEO Safra Catz and Tesla Chief Executive Elon Musk during a meeting with technology leaders at Trump Tower in New York U.S., December 14, 2016. REUTERS/Shannon Stapleton - RTX2V2DE

The financialization of everything is just as real in the boardrooms of technology as it is everywhere else; though the deferential press likes to paint the tech-sector leaders as geniuses, superheroes (Elon Musk as Iron Man), and super-villains (Peter Thiel as Lex Luthor), the reality is that they're basically run-of-the-mill financial engineers, whose major creation is stock bubbles, not "revolutions." (more…)



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