CrowdStrike CEO has known failure but never like this
wsj.comPrecisely on time, the CEO is doing exactly his job, which is to take the fall on behalf of investors. This is why these CEOs get their shares/comp packages ala “golden parachute” - precisely this right here. Ever wonder why “failure” CEOs are repeat public company CEOs?
Now the board can look at this they can take to Congress. They can wave it around and say “See, look, we’re taking responsibility. “We’re doing the right thing, etc. blah blah blah blah blah blah. We’re gonna hold this guy accountable and shake our fist really hard and look at this: We even put a bad story out on a big paper.”
It’s cost of doing business - built into the risk model for TOS and legal scope within the likely amount of payout in settlement.
It’s all a huge joke
I genuinely do not think Crowdstrike will suffer any long term consequences because they deliver what matters to their real customers, the CISOs of the world.
If one company has an embarrassing breach, it can make or break things at a critical moment. When every company has an embarrassing outage at the same time, Crowdstrike customers' stock will be just fine.
Crowdstrike stock dropped after July but the share price is still a hundred dollars higher than it was a year ago. It's going to recover. There will be no negative long term consequences for them.
You would think the government would start being afraid of what the Russian (or any other adversarial foreign government) could do to the IT infrastructure in a war if it's this fragile though.
I'm torn on this for two reasons however.
First, I agree. Even today a lot of games have 'anti-cheat' modules that will hook into the kernel.
And yes, Microsoft wants to lock down the kernel as a result.
But, that is one step closer to the future from "The right to read".
The right to read? Can you elaborate?
https://en.wikipedia.org/wiki/The_Right_to_Read
Locking down kernels is somewhere in the story IIRC; it's just that instead of in the name of DRM it's now for Security... But as we've seen from stuff like the 'Web Attestation' proposal from last year, they'll take choice away whichever way is most marketable to lobbyists.
Thank you. I'd done a thought experiment one day similar to that. As the lawmakers wanted to introduce a law that would render any software not obeying DRM illegal, I thought to create a notepad.exe program that would prevent you from printing if the !print preamble was present in the text document and prevent from copying text if !copy preamble. It would render all available text editing and viewing software illegal thus proving the law idiotic
TBH I think it would be a fun thing to do as an app to make a statement!
They'd get way further just keeping the infrastructure intact and using it to spread propaganda to turn Americans against each other.
The U.S. was at least talking about banning TikTok so they do seem to be taking THAT threat seriously.
Whatever happened to that, anyway? I kept hearing about it every few years but it seems like it's been like half a decade now?
Latest I heard of it, they wanted to force them to sell to an American company.
Has any CEO known a failure of this magnitude?
The CEO responsible for the Hindenburg hydrogen Zeppelin?
Osborne?
Enron?