The media needs to stop reporting on CEO proclamations, which long ago became glorified PR+marketing, not truth or fact. These are the individuals most incentivized to lie; and when they do nobody holds them to account.
No, they do need to report on it but they should be asking critical questions rather than copy-pasting the PR spin verbatim. They should demand these CEOs quantify their predictions. They won’t though, because they can’t.
I recall them talking about how CEOs have a fiduciary duty to increase the stock price. Shouldn’t that apply to them being required to tell the fucking truth?
Yes, but marketing isn’t ever the truth; it’s Truth Massaged, an exercise in Public Relations designed to subvert truth by messaging what they consider to be the best “version” of the truth.
The media needs to stop reporting on CEO proclamations, which long ago became glorified PR+marketing, not truth or fact. These are the individuals most incentivized to lie; and when they do nobody holds them to account.
No, they do need to report on it but they should be asking critical questions rather than copy-pasting the PR spin verbatim. They should demand these CEOs quantify their predictions. They won’t though, because they can’t.
W/r/t AI I’m not sure there’s a lot of room. There’s only so far one can go with “why would a business rely on information that might be faulty?”
I recall them talking about how CEOs have a fiduciary duty to increase the stock price. Shouldn’t that apply to them being required to tell the fucking truth?
A fiduciary duty to increase stock price seems like a duty to lie.
Yes, but marketing isn’t ever the truth; it’s Truth Massaged, an exercise in Public Relations designed to subvert truth by messaging what they consider to be the best “version” of the truth.