This is the end-point of capitalism: the ultra-wealthy just allowed to run these organizations and only pay an utterly negligible fee for their transgressions.
It’s going to keep happening and more and more often, because the oligarchs have finally completely taken over the global political theatre. Without a global revolution from the workers, we will end up going backwards and undoing everything.
This kind of slop for research has been passed around for decades. In the 1990s I read a “corporate intelligence report” on a company I was working for, it was 90% incorrect and 40% far far off target. Over the years I had several occasions to read and check these kinds of business research reports and they’d rarely even get the things that were published in the quarterly reports right, anything beyond that kind of public information was a lot of speculation, most of it wrong.
Strategic Investigations and multi site analysis, cross referenced with some other made up shit, reveals that this was statistically unlikely.
At this point it isn’t AI slop, it’s got to be major Fraud by PWC. They were paid for in depth meticulous analyses, and instead, they just asked their drunk uncle AI, who claims to know everything, but really just has the knack to BS a halfway believeable answer.
To be fair, AI slop is probably higher quality information than the “in depth meticulous analyses” these kind of clowns have been peddling for thousands of dollars for the past 40+ years.
Why are these companies still operational?
There’s only one big accounting firm left, what are you going to do, fire them?
inertia, and management globally being unable to make a decision on its own, and wanting to outsource it.
You’re not wrong, but j feel like people have been so slipped up by a century of neoliberalism and education cuts, 20 years of social media, and five years of chatgpt+wsb/bettingmarkets, that there’s no solution left to anything but violence. I hate that shit.
Some of these problems could be solved other ways,but they require much more sophisticated coordination and the capitalists have just digested it out.
The reality is no one person is qualified to “run” a multinational megacorp. Not a single human being knows enough for this level of complexity, but the only reason any of them can justify the ungodly amount of marginal return they take is to pretend they’re super-geniuses while relying on ‘consultant’ teams to do the actual thinking, and also keep it quiet that they’re no more competent than the janitor they’re making 1000x the salary of (all in stock options of course, but 1000x nonetheless).
All of this would work better if the “bosses” could accept they aren’t demigods, that the domain expertise to make collective decisions is within their existing org charts and they just need to step down off their high horses and remember they are just a cog in a much bigger machine that makes its own decisions with or without their input. They’re self-important sales reps, with just enough of a grasp of finance to be dangerous to themselves and others. I’m sure me and my 10 closest colleagues would also be inclined to say we do a billion $ of work every day if we were writing our own bonus agreements. We just wouldn’t have the hubris to convince ourselves it’s true.
The reality is no one person is qualified to “run” a multinational megacorp. Not a single human being knows enough for this level of complexity
This was true of the United States of America in 1789, but still you need a leader. A leader like Buzz Lightyear, he’s “always sure.” Confidently pursuing a plausible, coherent path has value, even when it’s not the optimal path - difficult to see, the future is, always in motion - direction by committee of “the best people” has its place, but so does decisive leadership.
Plausible deniability in a can. Same shit, different day.
not at all surprised. another of the big four got caught in australia and had to refund fees charged.
Cry me a river. These kinds of “business intelligence” reports have been overpriced, near zero value slop since they started publishing them (a long long time ago.)
PisswaterhouseCoomers
PriceWaterhouseCucks
