> That has arguably been the story in Silicon Valley over the last decade: Intel and Cisco were not quite able to compete for the best engineering talent with Facebook and Google.
They were not willing to compete. Intel and Cisco’s directors had plenty of net income they could have used to compete, but decided to reward shareholders in the present instead, rather than invest in the future.
They were not willing to compete. Intel and Cisco’s directors had plenty of net income they could have used to compete, but decided to reward shareholders in the present instead, rather than invest in the future.