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Cake day: June 28th, 2023

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  • Digitalprimate@lemmy.worldtoTechnology@lemmy.worldThe Wikipedia Test
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    1 month ago

    While 700k may look like a lot (and by most objective measures it is), the skill set needed to run a successful non/not for profit is actually quite unique no matter how big or small it is. They do not work not like “normal” CEOs. Replace caring about share price, and moving the share price up effectively versus caring about voluntary donations from people who get nothing out of but perhaps a tax break. And you’re competing not against other equities (stocks); you’re competing against other non/not for profits for limited money and attention.

    Anyway, just saying I do not begrudge that level of compensation to the people running the last corner of the internet not filled with AI slop.




  • S&P and Moody’s were collaborating since at least 2000 on the pricing of the so-called “esoteric” structured instruments associated with mortgaged-backed securities that caused the 4Q07 crash. They collaborated via the competitive intelligence firm Washington Information Group (which does not seem to be around anymore.) The collaboration was almost certainly illegal (IANAL). They did this because neither wanted a price war when rating these. I did sign an NDA with S&P that kept me out of the industry for two years. I left the industry shortly after that and went back to what I used to do.