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the feudal characteristics of tech firms 

From Peter Thiel’s Less Than Zero loc 1912:

Apple’s value crucially depended on the singular vision of a particular person. This hints at the strange way in which the companies that create new technology often resemble feudal monarchies rather than organizations that are supposedly more “modern.” A unique founder can make authoritative decisions, inspire strong personal loyalty, and plan ahead for decades. Paradoxically, impersonal bureaucracies staffed by trained professionals can last longer than any lifetime, but they usually act with short time horizons.

Categories: Corporate Culture, Elites and Their Self-Understandings Defensive Elites The Political Economy of Digital Capitalism

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