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February 24, 2011 11:45 pm GMT
We expect perfection from companies in Silicon Valley. The general consensus is that Yahoo is one of the worst run tech companies in the world, never mind it's still profitable, cash-rich, and one of the largest media assets in the world. We get outraged and hit the BUBBLE! panic button when valuations of startups like Facebook, Zynga and Twitter get in the double digit billions, never mind their growth rates, user engagement and (in the case of Zynga an Facebook) actual revenues.So how can we be so apathetic when we see true abysmal fiscal neglect, especially when it's that of a pseudo-company in which we all essentially own shares?That pseudo-company is the United States government and in a thorough report issued today, Kleiner Perkins partner Mary Meeker has taken all emotions, politics, spin and manipulation out of the issues, to present a steely-eyed view of just how hosed our financial situation is. Spoiler alert: It's not pretty. America is gripped by a new red menace and this time, it's not the commies-- it's a sea of red ink.If politicians reported to voters the way management reports to shareholders, no one would finish out their terms.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WCPMjOtJDHk/
Can America Function More Like a Fiscally Responsible Company? It's up to Us, the Shareholders
We expect perfection from companies in Silicon Valley. The general consensus is that Yahoo is one of the worst run tech companies in the world, never mind it's still profitable, cash-rich, and one of the largest media assets in the world. We get outraged and hit the BUBBLE! panic button when valuations of startups like Facebook, Zynga and Twitter get in the double digit billions, never mind their growth rates, user engagement and (in the case of Zynga an Facebook) actual revenues.So how can we be so apathetic when we see true abysmal fiscal neglect, especially when it's that of a pseudo-company in which we all essentially own shares?That pseudo-company is the United States government and in a thorough report issued today, Kleiner Perkins partner Mary Meeker has taken all emotions, politics, spin and manipulation out of the issues, to present a steely-eyed view of just how hosed our financial situation is. Spoiler alert: It's not pretty. America is gripped by a new red menace and this time, it's not the commies-- it's a sea of red ink.If politicians reported to voters the way management reports to shareholders, no one would finish out their terms.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WCPMjOtJDHk/
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