I started my professional career at Motorola. I won't blame everything on the Wall Street. It's not TWS that made Motorola being late on the digital phone transition. It's not TWS that caused the Iridium fiasco. It's not TWS that made Ed Zander traded Motorola's patents to Apple for nothing in return. It's not TWS that made Motorola missed the smart phone revolution. TWS did have a lot to do with the demise of Motorola Semiconductor Sector. Even then, it only happened after years of mismanagement. In the end, Motorola just shot itself in the foot one too many times. It had no one to blame but itself.
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Your points are well taken. I was looking at this in a broad context, which caused hollow-out of blue-collar industries in general and hardware industries in particular. I am not arguing here. Let me just give one example here. Back in the good old days, it was TI and Motorola who were the champions of the semiconductor industry. TI had an entire team of actually building fabs. There were both more important to the US economic well-being than Intel. But over time, commercial markets bubbled up companies like Intel and doomed companies like Motorola. The appointment of Zander, a Motorola outsider, was entirely a maneuver orchestrated by the Wall Street, a.k.a, the capitalists. I knew some WST internals because I day-traded a few years once before. In the US as we know it, it is the capitalists that occupy the top of the pecking order. Just last cent on this subject, a CEO of a blue-chip tech company is essentially "the emperor" of that company. But capitalists are king-makers. They pick CEOs, in most cases. They also topples CEOs. Elon Musk's chairmanship was stripped by the capitalists before Shanghai came to the rescue. Even though I know way more details in each company's internal contexts, I am not going to delve into those MBA (or corporate politics) fights. I think I made my point here.
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Your points are well taken. I was looking at this in a broad context, which caused hollow-out of blue-collar industries in general and hardware industries in particular. I am not arguing here. Let me just give one example here. Back in the good old days, it was TI and Motorola who were the champions of the semiconductor industry. TI had an entire team of actually building fabs. There were both more important to the US economic well-being than Intel. But over time, commercial markets bubbled up companies like Intel and doomed companies like Motorola. The appointment of Zander, a Motorola outsider, was entirely a maneuver orchestrated by the Wall Street, a.k.a, the capitalists. I knew some WST internals because I day-traded a few years once before. In the US as we know it, it is the capitalists that occupy the top of the pecking order. Just last cent on this subject, a CEO of a blue-chip tech company is essentially "the emperor" of that company. But capitalists are king-makers. They pick CEOs, in most cases. They also topples CEOs. Elon Musk's chairmanship was stripped by the capitalists before Shanghai came to the rescue. Even though I know way more details in each company's internal contexts, I am not going to delve into those MBA (or corporate politics) fights. I think I made my point here.
