"I feel like running the very famous and cool brand Vice – especially with how little they paid people – would be a slam dunk self sustaining business if only 45 people at the top doing nothing weren’t making like $19 million a year.It happens in all kinds of industries now. Buy a thing, slash costs to boost profits, extract as much value as you can, sell off any parts of the organization you think you can make a buck off of & outsource and/or offshore their functions, and if you can't find a buyer for the husk, just toss it. We've seen it happen with everything from Remington to Sports Illustrated. It's happening in slow motion with Boeing right in front of our eyes.
The death of Vice is the same story as the death of every other company in this country. It's a story of extraction of wealth at all costs for the few with malign indifference for the workers who actually gave the thing its (vastly overinflated) value in the first place."
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