Sad but True
It is, however, the American Way.
A further side effect of short sighted pursuit of next quarter's profits is that the company is fixated on doing the same old same old. Even when EVERYONE knows you have to cannibalize your current business (at least periodically) to stay in the game, no self serving exec would ever do this. They all wait for Death to be imminent before the next c-suite gets a chance to recover the company, if there are any employees left who can mechanize this feat. Clearly the c-suite is just a pile of very well paid suits, for any Fortune 1000 company they can't really do squat other than fumble around the steering wheel.
After a while you start to realize that the hedge funds, Wall Streeters, and most of the execs simply don't know what they are doing-- other than playing a negative sum money game where wealth creation happens in spite of the machinations of the charlatans. Unfortunately, even the government buys into this game with regulations and statistics, and the salarymen as sole wealth creators are left happily slurping the soma in decaying hovels with a mythical "credit score" ball and chain to keep them in line. Just a company town writ big, nothing to see here, move on.
Biting the hand that feeds IT
