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Thursday, January 16, 2020

Convergence in Chicago

A CFO and Corporate Cancer reader observes that Google thinks the best places to work in Chicago are the most converged:
I read the book -- great book, by the way -- and I heartily agree with the convergence model. As a result, my radar is up now to spot the signs. I've been a CFO for over thirty years, and I've seen the business world taken over by this mindset as well as an increasing voracity for quick riches above serving core customer constituencies.

For example, please find Google's Best Places to Work in Chicago. What is most interesting about the companies listed are the little, square icons summarizing the "perks" at the bottom of each summary. Notice how many have "Full-time Diversity Team" or other such monikers. If they were listed on the exchanges, I'd be shorting them today.

Thanks again for writing the book.
He is, of course, quite welcome. I'm just pleased to see that corporate executives are reading the book and looking for signs of convergence in their organizations.

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24 Comments:

Blogger Gettimothy January 16, 2020 7:15 AM  

click the link, scroll down to Otus...

Blogger Trump Ally January 16, 2020 7:26 AM  

Our company has a goal of 50% women. We are an industry that is male dominated because very few women can do or want to do the work, be it technical, labor intensive or just hot and dirty.

We are no where near the goal but already spending lots of time managing hurt feelings, cat fights and suspicious body aches.

It is going to be comical when we hit 50%, and we will not be able to operate.

Blogger pdwalker January 16, 2020 8:03 AM  

i think it’s good to see signs of how far your subtle influence has spread.

Blogger Ominous Cowherd January 16, 2020 8:17 AM  

OT means On Topic, this time: From Zero Hedge: 40% of listed companies don't make money.

Not about convergence specifically, but touches on where the money is coming from.
If you're not making money, but just burning through free funds from the Central Bank, why not invest in a Full-Time Diversity Team to get invited to better pizza parties?

Blogger liberranter January 16, 2020 8:58 AM  

I've seen the business world taken over by this mindset as well as an increasing voracity for quick riches above serving core customer constituencies.

It's now all-pervasive. Only in an economy kept afloat by oceans of increasingly worthless digital funny money is this even possible. The collapse can't come soon enough.

Blogger God Emperor Memes January 16, 2020 9:08 AM  

Management will be mystified as to why productivity and profits are down, whilst compensation claims and frivolous sexual harassment ("That ugly guy said 'Hello' to me!") lawsuits go up.
I worked in a place where one - ONE - woman managed to blackmail TWO separate companies into paying her a full time salary to be a representative of "women's issues" in their workplaces. I am talking maybe 20 women in a total labour pool of roughly 800 people.

Blogger Brett baker January 16, 2020 9:30 AM  

That, and you can make enough money to temporarily hire the deadweight.

Blogger Lightning in My Hands January 16, 2020 9:39 AM  

Hard pressed to find that they are owned by Google. Crunchbase shows that Built In is privately held.
Nonetheless, it would not surprise me if they had ties to Alphabet.

Blogger rumpole5 January 16, 2020 10:45 AM  

Everybody loses sight of the simple fact that the purpose of a corporation is to make money. Every policy and action by the corporation should be focused on that point. Policies that make it more comfortable and pleasant for employees to make money are only justified because they avoid expensive employee turnover, avoid bad will and anxiety in employees who are distressed by the "ill treatment" of fellow employees, avoid exposure to tortious lawsuits of by "ill treated" employees, and the like. They are a good idea only because they either make employees productive, or avoid expense.

Broad social policies are better implemented by government ON corporations because the wisdom of the policy can be debated before implementation, and the burden will fall on all corporations more equitably. The problem is that the lefties have lost the debate in the public forum. That is the reason they are trying to import ignorant immigrants and trying to infiltrate corporations that are dictatorial structures by design. Luckily, corporations that lose sight of their primary purpose are doomed, so we won't have to put up with the "woke" ones for very long.

Blogger kurt9 January 16, 2020 11:06 AM  

I saw that one of the "perks" listed at some of these companies is something called "daily stand up". What is this?

Blogger Barbarossa January 16, 2020 12:04 PM  

...so we won't have to put up with the "woke" ones for very long.

Uh, oh. Already hearing the cries of "Too woke to fail!" issuing forth from the blue-haired coven.

Blogger lowercaseb January 16, 2020 12:08 PM  

@10 It's a very quick check-in meeting where everyone quickly says what they are working on currently and if there is anything that might be blocking it's completion. It's an Agile/Scrum business management thing. It's a good idea in theory but I would take it as a sign that the company is more interested in management fads if they list it as a Perk.

Blogger The Pitchfork Rebel January 16, 2020 12:33 PM  

This looks like Sundar's acquisition targets, maybe minus Deloitte and Walgreen's.

Blogger bodenlose Schweinerei January 16, 2020 12:52 PM  

The top three alone are toting "unconscious bias training" as a perk. Is that an attempt at a joke or do they really want to hire masochists? Wait, maybe they're trying to lure people with the hope of being the one who administers said "training".

Blogger bodenlose Schweinerei January 16, 2020 2:14 PM  

I just noticed at least one of these companies' perks is "beer on tap". Is that really a selling point for a job? Is it me who's out of touch?

Blogger Lance E January 16, 2020 4:07 PM  

bodenlose Schweinerei wrote:The top three alone are toting "unconscious bias training" as a perk. Is that an attempt at a joke or do they really want to hire masochists?

They think it will attract all of the brilliant women, blacks and browns who definitely exist but were just hiding out and afraid to apply or commit to a company that doesn't prioritize Diversity, and UB training is the loudest possible way to demonstrate that commitment.

I'm not joking. I'm not even exaggerating. They really do believe this. It's come out of one-on-one conversations with people who know I'm unwoke and wouldn't have anything to lose by subtly hinting to me that they know it's BS. They really, truly believe this insanity, and you aren't going to shake them loose from it with anything short of a car battery and some electrode patches - if you catch my meaning.

Blogger tuberman January 16, 2020 5:24 PM  

Much of the parasite financial companies do make money, but:

1) It's not what the companies were created to accomplish, as they often get breaks from institutions like the Fed, yet that's for their intended purpose, which they don't do anymore.

2) Their money comes from investing. That investing is INSIDER TRADING with no risk. Another way these parasite companies get over everyone. There are companies that get the insider info from all kinds of sources, the same ones who clue in Warren Buffett and Bill Gates. This was going full throttle during BHO's terms.

Blogger Gettimothy January 16, 2020 6:01 PM  

Everybody loses sight of the simple fact that the purpose of a corporation is to make money.

The purpose of a (((corporation))) is to subvert Christendom.

Blogger Karen took the Kids January 16, 2020 6:07 PM  

I work in the military, not in the US but we've been converged too.

Female recruitment quotas, diversity quotas, regardless of language barriers, shoehorning of women into typically male professions where strength is a distinct advantage, eighteen months of paid vacation after giving birth which directly affects rotation times of men.

Most recently, for international men's day, a committee of female officers invited a "man" to come and brow beat us all on how diversity and female inclusion is the future.

The rot has well and truly set in everywhere.

Blogger Akulkis January 16, 2020 7:08 PM  

One real war will erase all of that nonsense. Unfortunately, a lot of good and fine men will be sacrificed on that altar of stupid equality.

Blogger Dire Badger January 16, 2020 8:02 PM  

What strikes me is 'unconscious Bias Training'. These employees really participate in their own brainwashing, don't they?

Blogger Dire Badger January 16, 2020 8:07 PM  

Karen took the Kids wrote:I work in the military, not in the US but we've been converged too.


18 years in the Navy, and my Boatswain's mate 5-1 rotation gave me 1 year of shore command.

It was 12 years before I got my first (Master at arms station) rotation, and that was cut short after 6 months.

not until 16 years did I get my second rotation with DC (damage control) and again it was cut short.

Why? Because every time deployment came up, the 'girls' always came up 90% pregnant. The Bitches should have been thrown in the clink for dereliction of duty.

The Military hasn't been a good place to turn boys into men since the 90's

Blogger Scuzzaman January 16, 2020 11:17 PM  

I heard that Boeing outsourced some of the 737 MAX software development to India.

Would you call that a form of convergence or just stupid?

Blogger Akulkis January 17, 2020 10:05 AM  

@ Scuzzaman

Criminally negligent.

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