Comment by jgeada
2 years ago
There was a recent discussion right here on HN about "trading trust": https://news.ycombinator.com/item?id=39394990
Basically, many of these companies took decades to reach these positions where they're trusted. A bunch of managers rightfully figured out this was an asset that could be easily traded away for increased profits and they'd be gone by the time anyone noticed the devastation they left behind.
Also called "brand harvesting".
(If you built the brand yourself and did this all intentionally, I think it could also simply be called "the long con".)
"Exit scam," just on a longer timeline than usual.
How do companies not have a defense against this? It seems rampant. Is it just more visible for some reason?
3 replies →