A commenter pointed out that Ellen Pao, the most recent Entitlement Princess of the Month winner, is now banning salary negotiations at Reddit. Besides proving that Ellen Pao does not understand business, what she has done will have the effect of the best tech talent avoiding Reddit completely (assuming they don’t already because of Ellen Pao). It has been shown that gender quotas and other measures to hire more women drive away capable men and women. Ellen Pao is in the process of completely destroying Reddit. I’m sure she will blame all of the problems she causes on “sexism”.
This reminds me of Carly Fiorina’s tenure as CEO of HP. Like Pao, Fiorina took a tech company and nearly destroyed it. When Fiorina was finally ousted from HP, HP’s shares immediately went up 6.9%. In other words, HP became billions of dollars more valuable just by getting rid of her, and investors knew it.
HP was lucky enough to be able to survive Carly Fiorina. Time will tell if Reddit will be able to survive Ellen Pao.