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Why Mark Zuckerberg Is a Bad Role Model For Aspiring Tech Execs

coondoggie writes "Want to run a successful high-tech company? Don't drop out of college. The myth of the brilliant Ivy League student who starts a business in his dorm room, drops out of school, and goes on to run a successful high-tech start-up for many decades to come is essentially just that: a myth. Despite a few high-profile exceptions — such as Mark Zuckerberg and Bill Gates — the vast majority of CEOs running successful U.S. high-tech firms have college degrees, and more than half have at least one graduate degree."

326 comments

  1. Confirmed by Anonymous Coward · · Score: 4, Interesting

    It's not a myth if it happened on multiple occasions...

    1. Re:Confirmed by seven+of+five · · Score: 2

      Jobs and Wozniak, to name two more...

    2. Re:Confirmed by Anonymous Coward · · Score: 5, Insightful

      Apart from some small element of skill it is no different from the lottery really.

    3. Re:Confirmed by alen · · Score: 1

      So compare it to the total number of companies in the world

    4. Re:Confirmed by jason.sweet · · Score: 1

      Myth. Exception, Don't they really mean the same thing?
      Maybe you're setting the bar a little high for the summary writers.

    5. Re:Confirmed by jythie · · Score: 1

      Myths can still have kernels of truth to them. Like straw men, just because there exist examples doesn't make it any less of a myth, though of course this depends on which definition of 'myth' one is using.

    6. Re:Confirmed by DogDude · · Score: 1

      Saying that somebody can drop out of high school and go on to run one of the largest companies in the world is like saying that somebody can not exercise and be able to play on the NBA. Sure, it's possible, but it's absurdly unlikely.

      --
      I don't respond to AC's.
    7. Re:Confirmed by knuthin · · Score: 1

      The dorm element is missing. :P

      --
      Some apps are WYSIWYG. Some others are WYSIWTF.
    8. Re:Confirmed by GameboyRMH · · Score: 1

      From the makers of "the exception that proves the rule," here comes "it's not a myth because it happened more than once!"

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    9. Re:Confirmed by Sporkinum · · Score: 3, Insightful

      Education is a microscopic part of it. Being in the right place at the right time, or having the right family is the real multiplier.
      Obviously this academic douche bag doesn't understand his own analogy.
      "I've met as many successful tech CEOs who have dropped out college as I've met folks who have won the lottery," says Professor Jerry Luftman, managing director of the Global Institute for IT Management, who holds doctorate in Information Systems from Stevens Institute of Technology. "There are always going to be exceptions to any rule. But if you are a betting person, you would increase your odds of becoming a tech executive if you have a college education and a senior executive if you have a management degree."

      --
      "He's lost in a 'floyd hole"
    10. Re:Confirmed by Quiet_Desperation · · Score: 1

      I used to watch a show called Pinnacle on CNN in the early days where they'd profile some successful person each show. One common factor was that there was some person in their lives that could be seen as a keystone to the whole arch: a talented mentor when they were a kid, a person with the right connections after college, someone with some critical resource or knowledge at the right time.

      The real answer is personality type. If you are the type of personality that loves to meet people and be hypersocial, you're simply going to have more opportunities pass within your life's field of view, especially while pursuing activities involved with obtaining an advanced degree.

    11. Re:Confirmed by StripedCow · · Score: 2, Insightful

      I wouldn't call it a lottery, but it is close. The chaotic nature of capitalism is what rules.

      Che Guevara:

      The laws of capitalism, which are blind and are invisible to ordinary people, act upon the individual without he or she being aware of it. One sees only the vastness of a seemingly infinite horizon ahead. That is how it is painted by capitalist propagandists who purport to draw a lesson from the example of Rockefeller — whether or not it is true — about the possibilities of individual success. The amount of poverty and suffering required for a Rockefeller to emerge, and the amount of depravity entailed in the accumulation of a fortune of such magnitude, are left out of the picture, and it is not always possible for the popular forces to expose this clearly.... It is a contest among wolves. One can win only at the cost of the failure of others.

      --
      If Pandora's box is destined to be opened, *I* want to be the one to open it.
    12. Re:Confirmed by jfdavis668 · · Score: 2

      Wozniak returned to college and received his degree after he became rich. He realized he needed it.

    13. Re:Confirmed by Rostin · · Score: 1

      A myth is a story that props up a particular way of looking at the world. Myths aren't necessarily false. Stories like Zuckerberg's have taken on the status of myth in our culture because they confirm our biases and tell us what we want to hear: Entrepreneurship is alive, people don't need fancy educations to succeed, the lone wolf tinkering in his garage can make it big, etc. We are lulled into thinking that this is how the world works because we know Zuckerberg's story and we want to believe that it's typical. But it isn't.

    14. Re:Confirmed by Dahamma · · Score: 1

      Use the definition of myth from the summary - they are talking about an invented or fictitious story, not an ancient legendary tale of god and heroes.

      And under that definition, it's not even *close* to a myth, it's an exception. One that has way more than a kernel of truth - there are dozens of examples. Jobs, Ellison, Gates, Dell, Branson - and of course Zuckerberg. And Brin, Page, Filo, and Yang dropped out of grad school. These aren't once-in-a-lifetime outliers, these are the founders and CEOs of about half of the top US tech companies.

      Vampires are a myth. Successful drop-out CEOs are an exception, but a very real, well documented one.

    15. Re:Confirmed by iamhassi · · Score: 3, Insightful

      Jobs and Wozniak, to name two more...

      and did anyone noticed the title is wrong?

      "Why Mark Zuckerberg Is a Bad Role Model For Aspiring Tech Execs"

      because... he's not? He became his own tech exec, he wasn't elected, he wasn't hired, he didn't go to college to study business to be a CEO someday. Went to college, made a local "hot or not" clone, stole some guy's idea for a social networking, got noticed by the right people early on and the rest is history.

      So yeah, if you want to be a CEO running a successful US high-tech firm, don't follow Zuckerberg.

      But if you have a startup that you're trying to launch, Zuckerberg might not be a bad role model.

      --
      my karma will be here long after I'm gone
    16. Re:Confirmed by Anonymous Coward · · Score: 2

      One can win only at the cost of the failure of others.

      How much failure did Guevera heap on others until he got what he deserved? How much does Castro's royal line continue to steal? Face it. A communist is just a robber barron with a different marketing plan.

    17. Re:Confirmed by jedidiah · · Score: 3, Insightful

      The main problem with this article is it is conflating two rather distinct things. It is trying to confuse founding your own successful company with running someone else's behemoth.

      Gates and Jobs and Zuckerberg weren't just handed the keys to IBM or AT&T. They built their own empires.

      It's an entirely different thing. Minding someone else's store once it has become a monstrosity is a different skills set.

      When you are your own boss and you write your own tunes, it might not matter if you can't play anyone else's.

      --
      A Pirate and a Puritan look the same on a balance sheet.
    18. Re:Confirmed by geekmux · · Score: 2

      Wozniak returned to college and received his degree after he became rich. He realized he needed it.

      Uh, after he became rich? Then clearly he wanted a degree, he certainly didn't need it.

      BIG difference attending college out of luxury vs. necessity.

    19. Re:Confirmed by Isaac-1 · · Score: 1

      No he realized he WANTED it.

    20. Re:Confirmed by mwvdlee · · Score: 1

      He's a bad role model for aspiring tech execs because he is responsible for one of the most privacy invading websites in the world where millions of people have been tricked into sharing their most intimate details with any advertising shark out there and the only way to stop it is by finding a constantly moving button hidden deeply within the bowels of this beast.
      No aspiring tech exec should allow such a button to exist.

      --
      Slashdot social media options: AIM, ICQ, Yahoo, Jabber and Mobile Text. Why no MySpace?
    21. Re:Confirmed by Cute+Fuzzy+Bunny · · Score: 1

      Fifteen percent of US CEO's are without a college degree. Plus your analogy requires a set of physical skills. If the non exercising guy is 7' 5" tall and can run and handle a ball, lack of exercise might not be much of an issue. See "Bill Laimbeer".

    22. Re:Confirmed by shiftless · · Score: 1

      Being in the right place at the right time, or having the right family is the real multiplier.

      Both pale in importance in comparison to:

      1) Having the vision to recognize an opportunity when you see one. Everyone is "at the right place at the right time" at least a few hundred times in their lives. The challenge is recognizing this situation.

      2) Taking advantage of it. Even most of those who see good opportunities rarely take advantage of them, due to fear, ignorance, etc.

      But if you are a betting person, you would increase your odds of becoming a tech executive if you have a college education and a senior executive if you have a management degree."

      No, author/submitter, you would just be demonstrating to the world your complete misunderstanding of statistics.

    23. Re:Confirmed by shiftless · · Score: 1

      Why are you quoting Che Guevara?

    24. Re:Confirmed by shiftless · · Score: 1

      Sure, it's possible, but it's absurdly unlikely.

      Because the person dropped out of high school? Or because it's absurdly unlikely in general that the average person will believe in himself enough to achieve real success, instead opting in 99% of cases to just be another cog in the machine?

      There is no statistically significant difference between those who dropped out of high school and became a billionaire, and someone who got a PhD then became a billionaire. Well, except the guy with the PhD spent way more time, money, and effort.

    25. Re:Confirmed by TaoPhoenix · · Score: 1

      Nice start, but I think we have the wrong word.

      "Myth" usually means a story that not only can't be traced but has elements of outright imagination in it.

      When we talk about the stories of these company leaders, the word can't be "myth", because it's all right there.

      So we need a new word. But you're right, it's tricky. Not Super-Villain, not Super-Hero. Not even "Just Lucky" because I'll agree there's probably hard work in there somewhere.

      Just to get this post out there, I'll go with "Cultural Icon". None of the fuzziness of Myths, it's all there - we just don't yet reliably know precisely who becomes Cultural Icons and why. (After all, despite the billions, *Neither* Microsoft, Apple, or Google created Facebook - it took a fourth influence.)

      --
      My first Journal Entry ever, in 8 years! http://slashdot.org/journal/365947/aphelion-scifi-fantasy-horror-poetry-webzine
    26. Re:Confirmed by Anonymous Coward · · Score: 0

      I don't think formal education helps as much with starting a business as exercise does with becoming an athlete. Dropping out of school doesn't mean you stop learning. With that said many of the examples given are of people who dropped out of college because they turned their focus to their newly started business. They generally start the business while they're in college. Additionally college is often where 'founders' met as it offers invaluable networking and pooling of talents. When it comes to starting a business just trying is an insurmountable hurdle for much of the population. Now if you want to run an existing business you will definitely need a degree but if you want to start one the main problem is just doing it.

    27. Re:Confirmed by datavirtue · · Score: 1

      YES, this! If you shirk chances to meet people and try to end conversations as soon as possible you can pretty much forget running a company. Mindless chatter and bullshitting with the right people, lots of people, can lead to all kinds of unforeseen opportunity.

      --
      I object to power without constructive purpose. --Spock
    28. Re:Confirmed by Anonymous Coward · · Score: 0

      Ya right. The problem is many extroverts are so busy socializing they can't sit down long enough to start anything. You need the right blend of skills to make things work and what that is varies from one situation to the next. Alot of rich people I know most certainly don't get out there and meet people (generally speaking) because they see most people as a total waste of their time.

      That said... Being around the "Right People" is correct though. Such people can compensate for the qualities you lack or help you develop the correct attributes or help you find more "Right People".

    29. Re:Confirmed by jythie · · Score: 1

      True, the people themselves are no a myth,. the myth is that such a course of action is a good plan. A staggering few have succeeded, but realistically these are people who probably would have done very well regardless of what they have done. The problem is other people are looking at their pattern and trying to use it as a template for success, and just like jumping off a building and just happening to land in a passing flatbed truck filled with pillows and models... yeah, it could happen, but banking on it is a very, very bad idea.

    30. Re:Confirmed by xtronics · · Score: 1

      Yes - stay in school to become a mid level manager for someone like Zuckerberg.

      School is a good test to see how willing people are to brown nose and put up with a lack of respect.

      Starting up a business is quite a bit different.

    31. Re:Confirmed by AwesomeMcgee · · Score: 1

      True, and pretty ironic if you think about it... "Everyone should be equal and get the support they need!" (Except me.. because I'm the leader so I'm going to take everything from everyone..)

      Ironic, seems all of the successful communists were capitalists selling a product completely unwilling to eat their own dog food. Unless you count hippie communes, the ones that aren't run by some freaky weird leader who takes 6 wives may actually be the closest thing to an implementation of communism from the top down. Problem with implementing it in large scale is it takes a capitalistic cannibalistic competitiveness to become a singular leader of a great many people, so the only way to get in the position to implement large scale communism would be by being a completely self centered sociopathic control freak, which is obviously the antithesis of communism. So in effect communism must be impossible.

    32. Re:Confirmed by Dahamma · · Score: 1

      I guess if I were to summarize the real moral of the story (not the stupid slashdot summary) it would be: don't drop out and expect it to lead to success in the future. But don't stay in school just for the sake of it if you see a great opportunity. These successful people didn't drop out on a whim, they saw a huge opportunity and took the risk. Timing is everything...

      And, really, it's not that much of a risk, anyway. These are smart, motivated 20 year olds at Ivy League schools. They can always go back if it doesn't work out.

      [ Or, don't blindly jump off a building, but if you actually see a passing flatbed truck filled with pillows and models... well, don't expect to ever see another one. And if the models turn out to be ugly, you can always get off and go back to the building ;) ]

  2. many decades? by damn_registrars · · Score: 5, Insightful
    As in the summary:

    run a successful high-tech start-up for many decades

    How can you possibly say that Zuckerberg will run a company for many decades, when he isn't even many decades old? He hasn't even been old enough to drive a car for a decade, let alone old enough to run a company for "many decades". Being as facebook is doing less-than-brilliantly in the stock market, it seems at the very least overly optimistic to say that it will be around for "many decades".

    --
    Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
    1. Re:many decades? by ShieldW0lf · · Score: 2, Interesting

      Question is, do you want to START a company, or RUN a company. If you want to START a company, you need to have a drive that doesn't mesh well with sitting at the knee of an authority figure and have him dump his views into your brain. RUNNING someone elses company, on the other hand... any retard can do that. When you get right down to it, the best would be to just go play golf and not screw up what was working before you arrived in an effort to leave your mark.

      --
      -1 Uncomfortable Truth
    2. Re:many decades? by gtall · · Score: 5, Informative

      You really have no idea what it takes to run a company, even a small one. Your day is constantly filled with making decisions. With no game plan other than "don't screw up", you will run into the problem that one decision you made last year screwed up a decision you made this year. There are competitors to think about, cash-flow, investor relations, employee compensation, accounting rules, government regulation, community relations, employee relations, the direction of your industry, understanding what makes your company unique such that it deserves a niche, etc.

    3. Re:many decades? by DogDude · · Score: 2, Insightful

      "RUNNING someone elses company, on the other hand... any retard can do that."

      You're an idiot.

      --
      I don't respond to AC's.
    4. Re:many decades? by Sir_Sri · · Score: 1

      any retard can do that

      well in his defence, any retard can run a company into the ground. Running a company well is hard, putting the CEO title on your door is easy.

    5. Re:many decades? by ad0gg · · Score: 1

      What do you have against retards? Looking at Banking which is such a simple concept, lend money to people who have ability to pay off the loan with money from your depositors. They couldn't even do that right. They even get 20%+ interest rates on credit cards while paying less than 1% on deposits yet they still managed to drive those companies into the ground.

      --

      Have you ever been to a turkish prison?

    6. Re:many decades? by muon-catalyzed · · Score: 2

      To run your own company like Zuckerberg or Gates, you do not need any credentials, who really cares? You are the boss. But to run company that belongs to somebody else or a public company to answer hordes of greedy shareholders, that is a different story altogether. Then my friend, you need every blessing, connections, academic achievements etc.

    7. Re:many decades? by Anonymous Coward · · Score: 0

      After being a consultant for longer than Zuckerberg has been alive: Yes, an retard can run a company.

      If that weren't true, the companies they run wouldn't need my help so badly.

    8. Re:many decades? by Anonymous Coward · · Score: 0

      They did that exactly right. Run the company in the ground by selling stuff you KNOW will come back to destroy the company in 5 years does not matter when you get your cash bonus based on the current performance. Worst case you do not get to deploy the golden parachute and have to live of the millions you made in the years before.

    9. Re:many decades? by Dinghy · · Score: 2

      You really have no idea what it takes to run a company, even a small one.

      Which takes us back to why Zuckerberg is a bad role model. Neither does he.

    10. Re:many decades? by Anonymous Coward · · Score: 0

      In fairness not any retard can do it. It takes skill and discipline to run a major corporation well. That said your core point that it's a different set of attributes that makes you successful at starting one is valid.

    11. Re:many decades? by Quiet_Desperation · · Score: 1

      Actually, that was hubris hitting some very intelligent people. They built these bright, shiny economic investment models, and even hired real scientists to help. FPGA based super computers might have been involved at some point. Bleeding edge, heady stuff with mathematics to pique the interest of a string theorist. They created what they thought was infallible realizations of financial perfection, and released their digital prodigy into the real world... which proceeded to chew them up like wolves discovering a herd of baby bunnies. Why do I call them intelligent still? Who paid the price, us or them?

    12. Re:many decades? by mister_dave · · Score: 1

      It is easier to grow an existing business than build one from scratch.

    13. Re:many decades? by Anonymous Coward · · Score: 0

      Most CEOs don't seem to know either. If you're a big company, you hope to survive on inertia, but that hasn't' been working very well for the likes of HP and GM. If you're a small company, you hope a bigger company buys you before people figure out your business model is a hoax.

    14. Re:many decades? by nine-times · · Score: 1

      RUNNING someone elses company, on the other hand... any retard can do that.

      And they have retards doing it. Look at the people working at HP and RIM!

    15. Re:many decades? by Anonymous Coward · · Score: 0

      But it is all relative. Its not easy to do either.

    16. Re:many decades? by Anonymous Coward · · Score: 0

      Spoken like someone that has never run a successful company. For any company larger than ~50 people the CEO's #1 job is simply to higher and manage good people, while setting an approximate direction, corporate culture, and keeping the fuck away from most day to day decisions.

      You don't have time to really dig into more than a tiny fraction of what the company actually does and the vast majority of it is best left alone.

    17. Re:many decades? by Mashiki · · Score: 2

      When you get right down to it, the best would be to just go play golf and not screw up what was working before you arrived in an effort to leave your mark.

      Obama tried that, I don't think it worked.

      --
      Om, nomnomnom...
    18. Re:many decades? by nabsltd · · Score: 1

      You really have no idea what it takes to run a company, even a small one.

      Assuming it's not a company that's in (or heading for) the toilet when you take over, then it really is much closer to "don't screw up" than you imagine.

      If you have good people in other key positions, they will do a lot of the "running" of the company. For example, the CEO probably isn't going make decisions very often about what payroll software to use, as that's already been done. There are a lot of other "static" things that don't need any decisions.

      Then, you have times when you don't have any choice in the decision. For example, if you have a client worth more than about 10% of your business who upgrades to the new version of software package, you pretty much have no choice but to upgrade your people who work with that client.

      The really are very few real crucial (i.e., business fails if you make the wrong choice) decisions that are also hard to see the bad choices. The only really tricky thing is being able to make that "nobody else saw this as an opportunity" choice. In other words, it is very hard to be brilliant as a CEO, but not very hard at all to keep the business running smoothly.

    19. Re:many decades? by mattack2 · · Score: 1

      But Zuckerberg is doing BOTH, since he of course started it (as co-founder), and has majority voting stock, so he will be in control of it for a long time, if he wants.

    20. Re:many decades? by Anonymous Coward · · Score: 0

      FTFY:

      RUINING someone else's company... any retard can do that.

    21. Re:many decades? by Kreigaffe · · Score: 2

      And frankly at the end of the day, I'd be glad as hell to be known as "that terrible CEO", as a single year's salary and separation compensation are significantly more than most people will make in decades

      --
      ... still waiting for this free-as-in-beer free beer I keep hearing about. :|
    22. Re:many decades? by cant_get_a_good_nick · · Score: 1

      Facebook was different and new, they had an easy time. Money growth was easy when you can count on double-digit monthly compounded userbase growth. It will be harder now that user growth has slowed. Facebook also now has a target on its back, with many people shooting arrows. I can't guarantee success or failure, but i can guarantee with certainty Zuck will not have as easy of a time the next 5 years as the previous 5.

      If you want to START a company, you need to have a drive that doesn't mesh well with sitting at the knee of an authority figure and have him dump his views into your brain.

      I suggest that you read Steve Jobs' biography. Though he differed in skills, he both literally and figuratively sat at the knee of his (adoptive) father, Paul, and learned a great deal. His drive for perfection, even perfecting the things you can't see, came directly from Paul. Just because you have drive (and Steve definitely did) doesn't mean you can't learn from others. You just have to be smart on what you pick up, and Steve generally chose lessons well.

      RUNNING someone elses company, on the other hand... any retard can do that.

      Sure, just ask Leo Apotheker, John Sculley, John Corzine, etc... Corzine probably had the best resume of my short list of examples, yet failed hardest.

      Running a company is not trivial. There was a book, From Good To Great, that talked about companies run so well that should be examples on how companies should be run. It was required reading in some business courses. Many of the companies listed are now gone, mostly from really bad management. Circuit City was one of those companies, so was Fannie Mae (easy to be good with implicit government backing, but even that backing failed them).

      You have a very simplified view of the world. Entrepreneurs are mavericks that need to say f*ck off to absolutely everything around them. People who run companies are silly button pushers that can easily be replaced. My guess is you've never started nor run a successful company, for those views would cause you to crash and burn rather quickly. There is a common fallacy that just keeping things running is trivial. It isn't. The world can change around you and bash you against the rocks very quickly. Ask Nokia or RIM. Or the IBM PC division.

    23. Re:many decades? by cant_get_a_good_nick · · Score: 1

      I agree with this 100%. Zuck as CEO model was good when the issue was tech vision and growing the platform. He's fallen a bit short when it comes to things other than that, such as dealing with people, or privacy, or actually getting ad revenue, and others. Let us hold the lionization of his skills until he passes through his first rebuilding phase.

    24. Re:many decades? by roman_mir · · Score: 0

      There are no good people to give the company to.

      Let me give you an anecdotal story, let's say it's a friend, he has a company with about 250 employees. He hires people for positions that literally require these people to make everyday decisions about the business and these people end up making decisions that cost company an arm and a leg. He tries to teach them what to do, they can't learn or they don't care.

      He replaces them, gets some new people, resumes are great, the interviews are wonderful. When the time comes to make decisions they screw up so badly, he is ripping his hair out when he finds out.

      So what ends up happening is that a 250 people company is ran basically by one individual telling everybody what to do, the freaking people who are hired to make decisions about things that he really would like to delegate cannot make decisions, they don't understand how to make decisions, they don't see the difference between a good and a bad decision even when pointed out. They say they understand, the next time a decision needs to be made, they still don't do the right thing.

      So eventually they end up coming to the owner and his day consists of telling people what to do about things that they are hired to do.

      There are no good people, if you want something to work well, you have to do it yourself. Even when you PAY a huge premium you can't get good people.

      Good people run their own companies.

    25. Re:many decades? by cant_get_a_good_nick · · Score: 1

      Banking led to hubris. We know we have this fixed vig, but we want more. We have this set of deposits that earn basically nothing, so it's free money for us. We can lend to mortgages or businesses at 6-8%, or make 50% (*) as a hedge fund. The asterisk is (*) "unless you lose your shirt". Well, the government needs us, so we'll hold them hostage and we'll make the taxpayers buy us more shirts.

      Its not retarded as much as "heads I win, tails you lose" and we lost big.

    26. Re:many decades? by Anonymous Coward · · Score: 0

      Really? Tell that to Hewlett Packard, Sun, Microsoft, RIM, Borland. It is far from easy.

    27. Re:many decades? by mwvdlee · · Score: 1

      When you get right down to it, the best would be to just go play golf and not screw up what was working before you arrived in an effort to leave your mark.

      Name me any succesful company over a decade old that is still doing the same thing they did when they started.
      Companies that fail to change, fail to survive, because the world and their competitors are changing.
      Not saying a typical CEO is worth even 10% of what they get, but it's not an easy job either.

      --
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    28. Re:many decades? by shiftless · · Score: 2

      Good people run their own companies.

      Wrong. Your "friend" is obviously a poor leader.

    29. Re:many decades? by shiftless · · Score: 1

      But to run company that belongs to somebody else or a public company to answer hordes of greedy shareholders, that is a different story altogether. Then my friend, you need every blessing, connections, academic achievements etc.

      Wrong.

      None of that is required by law (or by society, or for any other reason) to take a company public.

    30. Re:many decades? by Anonymous Coward · · Score: 0

      I don't have experience running a large company but my perception is that it is nothing like running a small one. Large companies have layers of management that make most decisions. Large decisions are often made by a board and shareholders. Consulting firms are brought in for tough decisions. There are generally departments just for cash-flow, investor relations, employee compensation, accounting rules, government relations, employee relations etc. Why would the CEO need to make those decisions? He needs to be able to enforce them and he needs to be a good face for the company but he doesn't need to make many decisions.

      The only time a CEO even has the power to make decisions is when he started the company or when he's brought in as a last ditch effort usually when a company is in or near bankruptcy.

    31. Re:many decades? by Compaqt · · Score: 1

      Yet, even people who totally mess up a company don't end up in the poorhouse. Other than out-and-out frauds like Bernie Madoff, if you run a company into the ground, you'll still get all kinds of golden parachutes and bonuses.

      Look at that Apothoker guy that HP hired. Almost destroyed HP's hardware business with a single statement. The head of Barclays which was involved in an interest-rate fixing scam. Are either of these men reduced to riding public transportation?

      So, yeah, the guy above you has it closer to right.

      --
      I'm not a lawyer, but I play one on the Internet. Blog
    32. Re:many decades? by Compaqt · · Score: 1

      Coca-Cola?

      A good CEO works very hard and very smart.

      But the reason people get suspicious of CEO's is that their performance is something like a normal distribution, some fail badly, most are so-so, some are hug successes.

      Yet every single one of them get millions in salary and bonuses.

      Until that changes, people are going to think the CEO game is a racket, that "I could do that too", and entrepreneurs and business owners will think they don't need a "professional" CEO.

      --
      I'm not a lawyer, but I play one on the Internet. Blog
    33. Re:many decades? by mwvdlee · · Score: 1

      I distinctly remember Coca-cola commercials being a lot different.
      They've also introduced new variations like "Zero" and some others and have introduced their brands into new countries.
      And those are only some of the small difference on the outside, who knows how they changed internally.
      So no; they have NOT been doing the same thing all that time.

      Feel free to make a car analogy; they're all still building cars afterall.

      --
      Slashdot social media options: AIM, ICQ, Yahoo, Jabber and Mobile Text. Why no MySpace?
    34. Re:many decades? by cavebison · · Score: 1

      Exactly. The summary even has Zuck and Gates in the same sentence, which is crazy. Gates is a proven business leader, Zuck got there by sheer good fortune and hasn't proven he can run anything yet. The value of the company is based largely on all the hype around "social" at the moment. We'll see how he goes after the perception correction.

      It takes a lot of market insight to keep a company of that size running in front of their competitors. Just look at Apple post-Jobs; their patents are keeping competitors at bay for now, but without further innovation they will go back to being the niche player. We'll see if Zuck can start intentionally doing what he so far has done largely by happy accident and fortuitous timing.

    35. Re:many decades? by damn_registrars · · Score: 1

      Indeed. A lot of people regard Zuckerberg as some kind of genius wunderkind who thought up facebook completely on his own, with no existing anything to guide him towards it. Which is, of course, sheer and utter bullshit.

      Can he run a business? Who knows. His dad is a small business owner (a dentist, IIRC) and probably has good contacts. Of course the bigger question that nobody knows the answer to is what is the long-term business plan for facebook. There is no sign that anyone has even come up with one, really. People are trying to portray them as the next Microsoft, Apple, or Google. I think if they don't come up with a coherent plan soon they will more likely be the next AOL or CompUSA.

      --
      Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
  3. cause and effect vs commonality by v1 · · Score: 5, Insightful

    Be careful not to automatically interpret correlation as causation.

    In other words, the degree may not be what's making the CEO, but rather that the odds of CEO material also having a degree is high.

    CEOs also tend to own more than one car. Doesn't mean you should go buy a second car to improve your odds of becoming a CEO.

    --
    I work for the Department of Redundancy Department.
    1. Re:cause and effect vs commonality by SJHillman · · Score: 1

      The question is what came first. Most CEOs probably didn't have a garage full of cars until after they were pretty close to having that position anyway. However, they probably got at least a Bachelors at the beginning of their career, so the likelihood of causation is significantly greater.

    2. Re:cause and effect vs commonality by ShadyG · · Score: 3, Insightful

      There probably isn't much cause and effect between degrees and one-in-a-billion success as an entrepreneur. I imagine Bill Gates, Mark Zuckerberg and others would do about the same either way. The degree is for finding your footing when life informs you you're one of the other 999,999,999.

    3. Re:cause and effect vs commonality by jellomizer · · Score: 1, Informative

      The the Gates, Jobs, Zuckerberg, are the exception, their success comes from being in the right place at the right time, and having the right idea, and taking the risk to try it out. For these guys everything lined up for them. If they failed they would probably be working a middle class job right now, because they didn't have the college degree (assuming they didn't go back to finish school), and no one will really want to hire them, or they will be doing a bunch of mediocre successful businesses.

      Higher education teaches some important things...
      1. Research skills: You recognize what you don't know but know how to find out.
      2. Patients/Balancing life: In college you are no longer micromanaged (by parents and teachers) You need to discipline yourself to get your work done. Those who fail out of college, isn't because of their intelligence, but because they were not disciplined enough to do the work.
      3. The Cram/All nigher: If you didn't have at least one all nigher in college then you missed out on an important learning experience. (Having them all the time, is usually bad) You can see how your body functions under stress, and learn to beat that to get things done.
      4. Diversity: People of difference, Races, Religions, Countries, Sexual orientations... You actually have to deal with people where before you could have been isolated from them.
      5. Adult Relationships: I am not talking about sex, but mature relationships with other adults. Where you are no longer the kid.

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    4. Re:cause and effect vs commonality by Anonymous Coward · · Score: 0

      Those who fail out of college, isn't because of their intelligence, but because they were not disciplined enough to do the work.

      Uhm. That is just one of the many possible explanations. Just saying.

    5. Re:cause and effect vs commonality by Sir_Sri · · Score: 3, Insightful

      It takes tremendous insight and a bit of luck to know that right now is absolutely the right time to be in this business and that even waiting a couple more years to finish your degree is waiting too long.

      Now the thing is, if you guess wrong, you can always go back and finish assuming you haven't completely wiped out any hope you ever had of having any access to money (parents, loans, etc). So I'm sure there are a lot more people who drop out of school to start a business and then end up back at school trying to finish their degrees a few years later than there are people who have a meteoric rise to success.

    6. Re:cause and effect vs commonality by OakDragon · · Score: 1

      Just to be sure, better go to a school that gives you a free car for each degree you earn.

    7. Re:cause and effect vs commonality by mrsquid0 · · Score: 1

      This gives me an idea for a new University...

      --
      Just because you are paranoid does not mean that no-one is out to get you.
    8. Re:cause and effect vs commonality by Anonymous Coward · · Score: 0

      You might also say that "just because two of the wealthiest tech CEOs in history were college dropouts doesn't mean they were successful BECAUSE they were dropouts."

      I think the takehome message is that if you have an opportunity or are being successful, you shouldn't let pedantry of tradition make you put it on hold. Most college course work will still count if you take a semester or two off, and you'll just be a year behind (some programs with more restrictive-offerings may vary); if you are so successful that you have to stay out of college, then at some point, down the road, you can say "I guess I dropped out, then."

    9. Re:cause and effect vs commonality by binary+paladin · · Score: 2

      I'm sorry, exactly which one of 1 - 5 require "high education"?

      1. So, you can't learn to research properly without going through "higher education"? Seriously?

      2. Try managing your own business. You'll learn this one really quick or you won't be managing your own business for very long.

      3. See above.

      4. Or you could take the money you were going to drop on college and live in a foreign country for a year. Or, I don't know, find a new social circle.

      5. Really?

      Higher education isn't the be all, end all. It's a path and it's a useful path for a lot of people. The idea, however, the it's the best path or the only path for many goals is ridiculous. (Not the mention, the continuously inflating price of said institutions shows that academia is just as corrupt as all business out there.)

    10. Re:cause and effect vs commonality by v1 · · Score: 1

      I'd take that a step further and suggest that the degree is there as a "Plan B" in case you don't get outrageously lucky and pull a gates/zuck/jobs out of the hat.

      --
      I work for the Department of Redundancy Department.
    11. Re:cause and effect vs commonality by shiftless · · Score: 1

      However, they probably got at least a Bachelors at the beginning of their career, so the likelihood of causation is significantly greater.

      No it's not. There is no causation between having a college degree and being rich.

      The reason people get rich is simple and well known: the person wanted to be rich, and they did not stop failing at it until they succeeded.

    12. Re:cause and effect vs commonality by shiftless · · Score: 1

      So I'm sure there are a lot more people who drop out of school to start a business and then end up back at school trying to finish their degrees a few years later than there are people who have a meteoric rise to success.

      I agree.

      Do you know what the reason is?

      Because the people who give up and go back to school, are demonstrating to the world by this action that they don't have what it takes to succeed.

      If they DID.....they wouldn't be giving up.

      Failure.....retry. Failure.....retry. Failure.....retry. Failure....success.

    13. Re:cause and effect vs commonality by shiftless · · Score: 1

      If they failed they would probably be working a middle class job right now,

      No, that's what the average person would do.

      The extraordinary person just picks himself up and tries again.

    14. Re:cause and effect vs commonality by Sir_Sri · · Score: 1

      didn't have what it took to succeed

      FTFY

      When you're 20 years old and have a business idea that isn't going to pan out does not mean you should keep hammering away at that idea. That's the sort of stupidity I'd expect from an MBA.

      When I was 20 I made web pages (and this is when finding anyone who could write anything in HTML was a small miracle) and tried to sell computers with colourful cases. I also realized that I didn't have the CS background to write code properly, and wasn't about to hire someone to do it for me when that was the only thing that business did.

      The colourful cases thing was a disaster. Not a particularly serious financial disaster, but when Dell started to kick into serious gear they undercut the entire low end of the business, and I could never source the high end parts for serious gaming PC's. So my market dried up. Your wife might want a computer that matches the drapes, but for 200 or 300 bucks she'll let you buy the cheaper one. If you want a high end PC that looks awesome you need to be able to source parts. Which is not something any bank will lend money to a 20 year old kid for (nor by the way would that have been a good idea).

      Better to cut my losses there and so something else than keep wasting time on business ventures going no where. With a degree in CS I can actually make significantly better webpages, but that's not nearly as lucrative as other things I can do, and today I wouldn't go near the hardware business without a couple of hundred million dollars and supply contracts in China. I *consult* on hardware people should buy, and my past failed adventure taught me a lot about trying to get people to be honest about their requirements, and how to properly assess business value in various hardware/software(which depends a lot on what the business does). But trying to sell shitty computers in colourful cases as really their only selling point was not going to make me rich.

      As long as you learn when you fail there's nothing wrong with some level of failure. But it's also important to realize when the market has changed and it's time to move on. A degree doesn't necessarily get you much, but it can give you credibility with a bank when you need a business loan, or it can get you into a job where you work 9-5 and don't have to worry about a business if you have other shit you want to do with your life.

      Remember that quitting a degree makes you look like you can't stick to a plan for 4 years, and, unless you're dropping out of harvard, it looks like you can't even get a degree.

  4. seriously? by Anonymous Coward · · Score: 0, Interesting

    Could this post be any more pointless? So in other words, stay in school kids, stop all your creativity and innovation because you have no chance in the world to actually change the world around you. Just get a degree, get some office job, settle down, retire, and die. Don't actually use your brain to expand your life. Go figure. Also, if it was a myth, why do you have clear proof of it happening twice in your post? You say it's a myth, yet you cite examples of it clearly not being a myth. What? Seriously, man.

    Which came first, jobs or college degrees? I'm pretty sure humanity would be fine without the existence of colleges. It is will power that needs to be instilled in people, not random bullshit facts about Socrates, Plato, and macroeconomic principles. I'm sorry, but taking a class in 'Social History' does not do anything for my life whatsoever.

    1. Re:seriously? by Anonymous Coward · · Score: 1

      about Socrates, Plato, and macroeconomic principles

      Spoken like someone who really should have attended a liberal arts college. Seriously, I really prefer interviewing/hiring science majors from liberal arts colleges because they seem to have a much better aptitude for dealing with other divisions outside of our engineering dept, and for a smaller company that is a huge win.

    2. Re:seriously? by vlm · · Score: 3, Funny

      Someone woke up on the wrong side of the bed this morning...

      I read it as the only thing better than being surrounded in class by nymphomaniac college girls is being a multimillionaire tech startup CEO surrounded in class by nymphomaniac college girls.

      --
      "Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
    3. Re:seriously? by Anonymous Coward · · Score: 0

      You and I may have gone to the same school...

      But the point about Western style education punishing creativity and rewarding rote memorization is accurate, and large corporations are just as bad. It took 20 years for western business to wrap its mind around how the Japanese took over the auto industry. 20 years from now they'll just be getting around to incorporating Chinese style efficiencies (and I don't mean their labor practices).

    4. Re:seriously? by Anonymous Coward · · Score: 0

      Yeah, if there's one area of college degrees that are known for absolutely rolling if job offers and 6+ digit incomes, it's arts degrees.

  5. I'm Gonna Be a Star! by Anonymous Coward · · Score: 0

    The "drop out billionaire" myth is just as likely as the "overnight sensation" myth.
    Here's a basic and reliable formula for success - educate yourself, save your money, and don't be stupid. Oh, and position yourself at where money goes to.

    1. Re:I'm Gonna Be a Star! by Anonymous Coward · · Score: 0

      Right. So when a tree is in the ground, it has no value. When it is mashed up into paper, it has value. So in the end, money is imaginary valued chopped up trees. And we are trying to tell people to care more about money as opposed to innovation? The world is seriously becoming such a sad place to live in anymore.

    2. Re:I'm Gonna Be a Star! by Kjella · · Score: 1

      Here's a basic and reliable formula for success - educate yourself, save your money, and don't be stupid. Oh, and position yourself at where money goes to.

      Moderate success, working the corporate ladder. Crazy success you only get with major ownership in a an idea that goes sky high. And you have to have the balls to ride that rocket too. I think everybody here has heard of Steve Jobs and Steve Wozniak, but have you heard of Ronald Wayne? He's a co-founder of Apple but sold out very early, if he'd kept all his stock he'd be worth 35 billion dollars today. But as he admits, he couldn't risk it and cashed out.

      --
      Live today, because you never know what tomorrow brings
    3. Re:I'm Gonna Be a Star! by shiftless · · Score: 1

      have you heard of Ronald Wayne? He's a co-founder of Apple but sold out very early, if he'd kept all his stock he'd be worth 35 billion dollars today. But as he admits, he couldn't risk it and cashed out.

      He doesn't admit anything of the sort, really. He claims he "made the best decision for me at the time" and is totally happy about living in a run down tow-behind trailer in Arizona. lol....

  6. Myth? by afidel · · Score: 4, Informative

    Ellison
    Gates
    Jobs
    Zuckerberg

    That's most of the tech money that isn't IBM or HP.

    --
    There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
    1. Re:Myth? by Anonymous Coward · · Score: 1

      Ellison

      Gates

      Jobs

      Zuckerberg

      That's most of the tech money that isn't IBM or HP.

      You forgot Dell...

      Who needs a degree if your the boss?

    2. Re:Myth? by Anonymous Coward · · Score: 0

      Dell

    3. Re:Myth? by Maximum+Prophet · · Score: 1

      Ellison Gates Jobs Zuckerberg That's most of the tech money that isn't IBM or HP.

      Tom Watson Sr., the guy that founded IBM also appears to be a dropout. From the wikipedia "Having given up his first job—teaching—after just one day, Watson took a year's course in accounting and business at the Miller School of Commerce in Elmira. He left the school in 1891, taking a job at $6 a week as bookkeeper for Clarence Risley's Market in Painted Post."

      I don't know about H or P, but yes it would be interesting to see the piechart of the value of companies founded by college graduates vs. non-grads.

      Edison was also a non-college guy, and he founded quite a few companies that are still around today.

      --
      All ideas^H^H^H^H^Hprocesses in this post are Patent Pending. (as well as the process of patenting all postings)
    4. Re:Myth? by Anonymous Coward · · Score: 0

      Ellison

      Gates

      Jobs

      Zuckerberg

      That's most of the tech money that isn't IBM or HP.

      It might be interesting to compare the short list above (4 names) to how many people have won the state lottery---another road to big bucks, with significantly less time invested.

    5. Re:Myth? by NeutronCowboy · · Score: 4, Insightful

      #1 While Zuckerberg has money now, I want to see if that is still true 3 years from now. The stock market is a cruel mistress.
      #2 Ellison, Gates and Jobs are probably three of the most brilliant and ruthless people on the planet, who also lucked into a set of extraordinary circumstances (what would Jobs have been without Woz, and what would Gates have been without rich parents?)
      #3 Dropping out of school because your business is far more interesting and time consuming than school is entirely different from dropping out of school because "degrees don't correlate with success).
      #4 That's three people. Three people who made it without a degree. There are far more variables that impact success than can be properly identified and isolated through the anecdotal stories of three people.
      #5 That's not to say that degrees are necessary - they clearly aren't necessary, by the mathematical definition of the word. But they give you a hell of a leg up on the competition.

      Anybody who says that degrees are useless is trying to sell you something else, or is trying to make sure that you won't become competition.

      So in that sense, yes, it is a myth that successful entrepreneurs don't need degrees.

      --
      Those who can, do. Those who can't, sue.
    6. Re:Myth? by tool462 · · Score: 1

      I think more to the point, those Big 4 weren't successful because they dropped out of college. They are/were hard working, driven individuals with good instincts on how to run a business. They would have been successful regardless of whether they finished college or not. In their cases, the opportunities they made their money on came up before they finished their degrees. In at least Zuckerberg's case, and possibly others, the opportunities arose because they were in college.

      If this is your career plan:
      1. Drop out of college
      2. ???
      3. Profit
      You're fucked.

      If it looks like this:
      1. Go to college
      2a. Start business based on awesome thing OR 2b. Finish college
      3a. Become fabulously wealthy (with or without graduating) OR 3b. Get a job or start a business like everybody else does and live a comfortable, if unremarkable existence.
      You might be okay. You can't mix up spurious correlation with causation.

    7. Re:Myth? by Anonymous Coward · · Score: 0

      Your #1 is interesting. Zuckerberg had a lot of actual money before the IPO, so unless he blows it he will still be quite well off even if the stock price tanks. A far different situation from ESR and Commander Taco, et al.

      But also interesting from a causality standpoint. Hilariously, if Facebook does fall apart who are you going to blame? The college dropout with the brilliant idea, who built it into a quite large and successful business? Or the degree holding hangers on who showed up subsequent to that? If the downfall can be tied a lot of MBA types coming along to show Zuckerberg all the traditional tricks for how to monetize everything that would be a problem.

    8. Re:Myth? by Anonymous Coward · · Score: 0

      Sure, but you're measuring the wrong thing. Measure "dropped out of college" and "dropped out of high school" against "became CEO of the company". Sure 90% of the wealth in Tech might have come from a company founded by a guy who dropped out of higher education. Sorta like picking out the handful of people who survived a 30K ft drop and decide, "I'd like to jump out of a plane without a parachute", so I can get interviewed on T.V. I'd ask about the all the others who fell out of a plane at 30K ft, before I started jumping out of planes.

    9. Re:Myth? by Anonymous Coward · · Score: 0

      >Anybody who says that degrees are useless is trying to sell you something else, or is trying to make sure that you won't become competition.

      I would guess that a lot of the people saying degrees are useless are people without them.

    10. Re:Myth? by dkleinsc · · Score: 1

      If he's not a moron, Zuckerburg has diversified his holdings in Facebook, so he's now holding millions of shares not only of Facebook but also a wide range of the S&P 500. So yeah, he could lose half of it in the net stock market crash, which would make him only half as fabulously wealthy as he is now, which is still fabulously wealthy.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    11. Re:Myth? by artor3 · · Score: 3, Insightful

      Those are four people. Yes, they have a lot of money, but think of it this way:

      Would you prefer a 1 in 10,000,000 chance to be a billionaire (and end up flipping burgers if you fail), or a 1 in 1000 chance to be a millionaire (and end up with a decent paying job if you fail)?

      A college degree is both safer and has a higher probability of success. The rewards might be lower, but that cannot be concluded from such a small sample size, and at any rate they're still enough for any reasonable person to live comfortably.

    12. Re:Myth? by Anonymous Coward · · Score: 1

      What's being missed here is that all these people (Dell included) are founders of their companies. Not mere CEOs. There is a difference that people aren't addressing.
       
      I have a friend who's title is CEO. His income from the "company" he's a CEO of from last year? Less than 700 dollars. That made up about a quarter o fthe companies total income in the same year. The titles doesn't mean much.

    13. Re:Myth? by Anonymous Coward · · Score: 0

      Howard Hughes as well.

    14. Re:Myth? by Anonymous Coward · · Score: 0

      Hmm.. For at least 2 of them, they were wealthy enough to pay for Harvard...

    15. Re:Myth? by jd · · Score: 1

      Out of how many billions who don't have degrees? An exceedingly poor ratio.

      Also, Gates and Zuckerberg "utilizeD" and/or stole other people's work - sometimes work done by people WITH degrees. Not sure about the rest, but I'm skeptical. Theft doesn't require a degree, neither does buying up other people's stuff and rebadging it.

      So, no, that list is worth absolutely nothing.

      --
      It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)
    16. Re:Myth? by kubernet3s · · Score: 2

      Apples and oranges, really. Not having a college degree, even fifty years ago, let alone 150, did not mean as much as it does now. Mostly because the "tech" sector and scientific enterprise as a whole was composed of low hanging fruit anyone with a few bucks and some know-how could bang together in their garage. Seriously, the phonograph, light bulb, and electric motor are all things that a person could learn the principles of construction from reading a few books: even before their invention. Try getting a home workshop set up as a clean room suitable for solar power or semiconductor research, and try doing those things effectively just by consulting a manual. The original apple computers were BUILT by Jobs and Wozniak: try hacking together a mobile device yourself with meager capital, and see where that gets you; it's still going to cost you more per unit than Apple spends, and you won't get anywhere near the volume.

      This is one of the most offensive lies that tech sector monopolists try to cram down our throats: that "anyone" can make it because they did. If you work in a rapidly growing industry, like personal computing (Apple and Microsoft), social media and advertising (Facebook) or genocide and global war (IBM) you stand to make a lot of money without a lot of book-larnin', but this is a matter of luck and not of "skill." People like Jobs and Zuck just did something that made them money, and when the opportunity to make more money arose, they took it. Despite media portrayals, they did not map out their success out from day one. Steve Jobs did not say "let's make middle-market hardware and software focused on usability for thirty years, and then something called "smartphones" will be possible and we'll move into that market." And for every Microsoft or Apple or Facebook, there's scores of Commodore's, Friendster's, and AOL's. These were not visionaries who were too smart to be taught, they are lucky beneficiaries of a system which allows few to thrive, and selects those few in a way that is almost entirely arbitrary

    17. Re:Myth? by aaarrrgggh · · Score: 1

      You forgot "What would Ellison be with a soul."

    18. Re:Myth? by tomhath · · Score: 1

      Doesn't count, he inherited the company from Daddy

    19. Re:Myth? by Anonymous Coward · · Score: 0

      Not every CEO creates their own company. That's an aspect of this conversation that needs looking into.

    20. Re:Myth? by Truedat · · Score: 1

      Ellison, Gates and Jobs are probably three of the most brilliant and ruthless people on the planet, who also lucked into a set of extraordinary circumstances

      And they were uniquely prepared to take full advantage of those circumstances in a way that you, I or any armchair pundits here on slashdot could ever hope to do. Your are deluded with your fucked up and wishful thinking, these guys and nobody else in their place, had the drive, vision and determination to succeed over many, many years. I suspect if they were on the "good" side you wouldn't have made that argument.

    21. Re:Myth? by tnk1 · · Score: 1

      It could be expressed better, but I think the college dilemma is always "opportunity cost". Do you:

      A. Go to college, pay tuition, listen to ideas of professors and practice those ideas, and then go out into the world after 4,5,8 or 12 years with a degree and possibly some internships or other contacts in your field of study?

      OR

      B. Drop out as soon as you have a good plan, save the money you'd spend on college, spend the extra time while you are young working on that idea, and go from there.

      Option A does work well for those who plan on working though an established job path, and there is no reason you can't break out and take your risks later in life. That said, it can be harder to take risks when you are older and have higher payments on loans, or you have a spouse or family. You do benefit from the experiences of others, but this doesn't always translate directly into success, particularly if you need to become business oriented and you have a scientific background (or vice-versa).

      Option B is more of the entrepreneurial stance. You don't have to worry about pieces of paper because you are the boss and you don't have to impress anyone to be hired. Your problem becomes your product and your ability to produce and sell it. You will profit or perish, and there will likely be competitors to deal with who will stand in your way.

      Option A does not prevent you from being a boss or even taking risks, but the time and money invested in education could keep you from realizing your good idea in time to be a leader in that business. It doesn't matter if you were the first to think of Facebook if Zuckerberg was the first one to make it a reality. Hell, the basic concept and even the name of Facebook was there for anyone to see when they entered colleges that had freshman facebooks. Facebook was a low hanging fruit that Zuckerberg jumped on, and in that way dropping out was probably the right answer for him.

      On the other hand, I very much doubt that a revolution in biotech is going to happen in an undergrad dorm room, even if there are ideas that one person could develop. Therefore, even from the entrepreneurial standpoint, continuing your education could open up new opportunities for leadership, if the right opportunity has not arrived yet.

    22. Re:Myth? by tnk1 · · Score: 1

      You don't skip college unless you have something you think you need to jump on right now.

      However, when you do see that opportunity, you have to have the ability and the gumption to drop out when you need to.

      Gates and Zuckerberg all started in college but they discovered that they needed to get out to take advantage of what they saw as being an opportunity. If they hadn't had some feeling that there was an opportunity out there, they probably would have graduated with everyone else.

      Opportunities don't exclusively come along when you are in college, so your advice is good advice. Go to college, and you can always leave if you hit your opportunity, but go into it expecting to graduate. If you do graduate, you can support yourself while you discover if there is an opportunity.

    23. Re:Myth? by BoberFett · · Score: 1

      I'm sure this country's army of baristas would back you up on the safety of a college degree...

    24. Re:Myth? by NeutronCowboy · · Score: 1

      I think you're barking up the wrong tree here, Sparky. Note how I said that they are three of the most brilliant and ruthless people on the planet? Where do you think drive and vision come from? I am fully aware that they are special. And for what it's worth, I consider neither of them evil, not even bad. But they sure have giant egos - also something that is required to succeed beyond anyone's dreams.

      --
      Those who can, do. Those who can't, sue.
    25. Re:Myth? by shiftless · · Score: 1

      Doesn't count, he inherited the company from Daddy

      Doesn't count? The man who almost single-handedly transformed aviation, cinema, etc "doesn't count" because he had some advantages in life?

      What about the guy who inherits millions and then blows it all the casino? You're saying he's just as good as the guy who inherits millions and turns it into billions?

    26. Re:Myth? by shiftless · · Score: 1

      The original apple computers were BUILT by Jobs and Wozniak: try hacking together a mobile device yourself with meager capital, and see where that gets you; it's still going to cost you more per unit than Apple spends, and you won't get anywhere near the volume.

      Clearly you don't know what you're talking about. Anyone can build a crude prototype in their garage, even of a solar cell. Of course they aren't going to churn out thousands of production-quality units in the garage. That's what investors are for, to purchase factories. Do you think Thomas Edison, garage inventor, financed his entire company himself when he was first starting out?

    27. Re:Myth? by shiftless · · Score: 1

      You're comparing lottery winners to people who purposely made billions?

    28. Re:Myth? by shiftless · · Score: 1

      I would guess that a lot of the people saying degrees are useless are people without them.

      Kinda like how the most fervent supporters of cannabis are those who smoke it.

    29. Re:Myth? by shiftless · · Score: 1

      And they were uniquely prepared to take full advantage of those circumstances in a way that you, I or any armchair pundits here on slashdot could ever hope to do.

      You're selling yourself short.

      I'm not "hoping" to do it--I'm doing it.

    30. Re:Myth? by shiftless · · Score: 1

      Would you prefer a 1 in 10,000,000 chance to be a billionaire (and end up flipping burgers if you fail), or a 1 in 1000 chance to be a millionaire (and end up with a decent paying job if you fail)?

      Anyone thinking in these terms is bound to fail.

      It's not about chances. We make our own luck..

    31. Re:Myth? by tyrus568 · · Score: 1

      This would be a form of cognitive dissonance, yes. But dissonance runs both ways: those with college degrees will, by definition, value them for the hard work and money that they represent. It is only with great fortitude that those with college degrees could admit to themselves that the degree they spent so much time and money for may not be worth what they believe it is worth.

      A lot of people can see something that's not there. That's very common. It's very rare for a person to appear who can see something for exactly what it is.

      It's also why poor people tend to be the most generous. They know what hard work is worth and value it appropriately. Those who get something for nothing tend to have difficulty in evaluating and appreciating the proper value of their proceeds.

    32. Re:Myth? by Truedat · · Score: 1

      Ok fair enough.

    33. Re:Myth? by lsatenstein · · Score: 1

      #1 While Zuckerberg has money now, I want to see if that is still true 3 years from now. The stock market is a cruel mistress.
      #2 Ellison, Gates and Jobs are probably three of the most brilliant and ruthless people on the planet, who also lucked into a set of extraordinary circumstances (what would Jobs have been without Woz, and what would Gates have been without rich parents?)
      #3 Dropping out of school because your business is far more interesting and time consuming than school is entirely different from dropping out of school because "degrees don't correlate with success).
      #4 That's three people. Three people who made it without a degree. There are far more variables that impact success than can be properly identified and isolated through the anecdotal stories of three people.
      #5 That's not to say that degrees are necessary - they clearly aren't necessary, by the mathematical definition of the word. But they give you a hell of a leg up on the competition.

      Anybody who says that degrees are useless is trying to sell you something else, or is trying to make sure that you won't become competition.

      So in that sense, yes, it is a myth that successful entrepreneurs don't need degrees.

      Here in my home province, which essentially has university costs of $2000 per year, parents are still directing their kids to professions such as plumbers, electricians, and trades. The view is that while free-trade has shipped jobs and jobs and jobs offshore, they are always able to work. And if they are successful, they will open small businesses to service one or more communities. I have never seen a bankrupt plumber. Have you?

      --
      Leslie Satenstein Montreal Quebec Canada
    34. Re:Myth? by kubernet3s · · Score: 1

      I'm sure you can build a solar cell in your garage. Can you build a solar cell that breaks new ground? No, you can't, not without at least four years of education, probably more. Can you design new smartphone displays, new microchips? etc.? No, because you don't have the facilities, which get pretty fucking pricey. And this world is rather poor on investors willing to cough up clean rooms and waste disposal permits for some college dropout with a napkin doodle of a smiling sun with an arrow pointing to a big pile of money.

      And a cursory look at the history of Apple and Thomas Edison will reveal that the original apple computers were indeed hand built and sold individually, and that Edison financed Menlo park with the sale of a telegraph patent, which he developed using the facilities he had access to at a telegraph company. Please peruse some relevant literature before you go accusing me of not knowing what I'm talking about, and yourself of being able to understand exciton generation in thin films sufficiently to design organic semiconductor interfaces in your kitchen.

  7. Degree = CEO ? by Anonymous Coward · · Score: 1

    You can get as many degrees as you want but it doesn't guarantee that you will even get a job.

    http://www.theatlantic.com/infocus/2012/06/not-where-they-hoped-theyd-be/100320/

    1. Re:Degree = CEO ? by Anonymous Coward · · Score: 3, Funny

      Hey Philosophy Major, is my latte ready yet?

    2. Re:Degree = CEO ? by jellomizer · · Score: 1

      True... But I know a lot of jobs you can't get without a degree. Where your resume will be tossed out after an automated first pass.

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    3. Re:Degree = CEO ? by tlambert · · Score: 1

      Hey Philosophy Major, is my latte ready yet?

      Yes, English major. See you at lunch? Yes, I would like fries with that.

    4. Re:Degree = CEO ? by Savage-Rabbit · · Score: 1
      --
      Only to idiots, are orders laws.
      -- Henning von Tresckow
  8. Re:first by Hoffy97 · · Score: 2, Funny

    If you're gonna troll to be the first post, at least make sure you ARE the first post...

  9. And if you don't have a CS degree... by bi$hop · · Score: 5, Funny

    ...just pretend. I'm pretty sure eBay and Yahoo won't even notice.

    1. Re:And if you don't have a CS degree... by Anonymous Coward · · Score: 0

      If a non-degree person does work needing a CS degree then it is not possible to detect it (as there are no non-degree persons).

      Simple logic? Think again...

  10. If you have a great idea... by deisama · · Score: 5, Insightful

    If you have a great idea, you should see it through. You can always go back to college later, and the experience of pursuing it will be far more beneficial to you than any class you could possibly take.

    If you don't have a great idea, than dropping out of college is stupid and will gain you very little.

    1. Re:If you have a great idea... by Anonymous Coward · · Score: 0

      Exactly. He didn't exactly "drop out". He was pursuing something which was already successful at the scale he was running it at the time. He also had the ability to go back to college if it didn't work out.

    2. Re:If you have a great idea... by Anonymous Coward · · Score: 0

      Sometimes aspiring techies have an idea. However its not so great though they think it is..

    3. Re:If you have a great idea... by Eros · · Score: 1

      If you have a great idea, you should see it through. You can always go back to college later, and the experience of pursuing it will be far more beneficial to you than any class you could possibly take.

      If you don't have a great idea, than dropping out of college is stupid and will gain you very little.

      Or maybe you could go to college and pick up some ideas for how to best execute your idea so it has a fighting chance of becoming reality. You might even be able to build a network of contacts that could help. And maybe even get the credentials that many investors will want to see in order to give you the money you'll need to get off the ground.

      Or just hope that you can do it all on your own with no resources or formal training.

    4. Re:If you have a great idea... by Electricity+Likes+Me · · Score: 2

      I agree with the AC, and would point out that the OP doesn't explicitly say it though.

      There's a big difference between dropping out to pursue a new idea you haven't yet developed, and dropping out to expand an already successful idea to something more large scale.

    5. Re:If you have a great idea... by ZombieBraintrust · · Score: 3, Insightful

      Ideas have a shelf life. If Zuckerburg, Gates, or Jobs had waited then they would of missed the boat. You simply can't wait two years on any piece of tech. There are 9 billion people on the earth. If you wait, one of those other people will have the same idea and attempt it first.

    6. Re:If you have a great idea... by Anonymous Coward · · Score: 0

      Besides which... many successful people had many failures before success. They learned. It's not like you can't learn from trying to create (say) Facebook and failing.

    7. Re:If you have a great idea... by Anonymous Coward · · Score: 0

      Seven. There are seven billion people on earth. Not that that improves the odds that much...

    8. Re:If you have a great idea... by Anonymous Coward · · Score: 1

      9 billion people. are you from the future?

    9. Re:If you have a great idea... by shiftless · · Score: 1

      There's a big difference between dropping out to pursue a new idea you haven't yet developed, and dropping out to expand an already successful idea to something more large scale.

      The difference is: one course takes more balls than the other. Both are equally worthy goals.

    10. Re:If you have a great idea... by shiftless · · Score: 1

      Or maybe you could go to college and pick up some ideas for how to best execute your idea so it has a fighting chance of becoming reality. You might even be able to build a network of contacts that could help. And maybe even get the credentials that many investors will want to see in order to give you the money you'll need to get off the ground.

      Sorry, no. Clearly you know nothing about entrepreneurship, or college even.

      Who exactly do you expect to meet in college that will be such an awesome person, and that you would never have the chance to meet if you didn't blow $100k on a university degree?

      What ideas are you expecting to pick up in college that are just going to totally change everything, and that you wouldn't be exposed to out in the real world?

      Free clue: colleges and universities, today, by and large are not churning out free thinkers. They are rigid, inflexible institutions turning out drones who are programmed to follow already existing, "successful" courses. None of this is an asset to an entrepreneur.

      If an investor expects to see "credentials" in the form of a college degree, he's an idiot. College degrees don't mean a fucking thing in the world of business.

      Or just hope that you can do it all on your own with no resources or formal training.

      Why would you "just hope"? Successful businesses aren't built on hope or luck. They are built on planning.

      "Formal training" is for drones.

      EDUCATION is something we can all access without paying a dime. I have a 1TB hard drive full of ebooks I've downloaded off bittorrent. Any subject I care to learn about is at the tip of my fingers. Why in the world do I need a professor to lead me through the same material, at 1/4 the speed I'm capable of digesting it?

    11. Re:If you have a great idea... by slasho81 · · Score: 1

      You can always go back to college later

      Ah. This statement can only come out of the young and naive...

  11. Thank you Captain Obvious! by Anonymous Coward · · Score: 0

    Without you, we would have never known that being evil and without a conciousness from the deepest depths of your heart is a bad idea in the long run.*

    You saved the day!

    ___
    * Now that I see it... Wasn’t there this articles, about how so many managers are probably psychopaths and sociopaths without anyone noticing because they don't think it's unusual?

  12. Opportunity by tnk1 · · Score: 4, Insightful

    Being as big as a Gates or a Zuckerberg is more a function of opportunity than pure education or even talent. Not to underestimate their abilities, of course, but I'd say there are plenty of people with the academic capabilities (or better) of both of those two, but they will never be more than well-paid employees.

    The important thing is finding and knowing what to do with opportunities, and then learning what you need to in order to take advantage of it. People with more education will have more specialized knowledge, but interestingly, I'd say that they gain more from the currency of simply having the piece of paper and any networking they can do in the graduate programs. In this way, I'd say that it is 100% true that the higher education *system* helps find more opportunities for advancement, starting with the requirement for a graduate degree for a better job, but going even further than that.

    Still, the right opportunity and the means to take advantage of it is what is actually required. The rest of it is just positioning. In the end, you don't get rich being a great practitioner of a particular science or engineering field, you get rich either managing your business, or getting it to the point where others can manage it for you. Of course, dropping out is like buying only one lottery ticket instead of multiple tickets. You can still win it all on the one ticket, but chances are much better you win if you invest more.

    1. Re:Opportunity by Maximum+Prophet · · Score: 4, Insightful

      Being as big as a Gates or a Zuckerberg is more a function of opportunity than pure education or even talent. Not to underestimate their abilities, of course, but I'd say there are plenty of people with the academic capabilities (or better) of both of those two, but they will never be more than well-paid employees.

      Yes, having parents that can easily pay for Harvard or Yale is more important to your future wealth than actually *graduating* from Harvard or Yale.

      --
      All ideas^H^H^H^H^Hprocesses in this post are Patent Pending. (as well as the process of patenting all postings)
    2. Re:Opportunity by Anonymous Coward · · Score: 0

      Being as big as a Gates or a Zuckerberg is more a function of opportunity than pure education or even talent.

      No. The difference between Zuckerberg/Gates/Dell, etc and the rest of humanity is that they MADE their opportunities. They pushed themselves, and everyone else, until they got somewhere. They didn't sit around collecting a paycheck, nor did they go to school and send out hundreds of resumes. They spent most of their time and most of their knowledge on their own goals and priorities, piss on everyone else. They had a drive that is way beyond the average person or even beyond the exceptional person. Most people can't do this -- they don't have the right brain because you have to be slightly off in your moral sense to do it. But don't think they stumbled upon the gift of opportunity: they kicked in the door.

    3. Re:Opportunity by Anonymous Coward · · Score: 0

      Retards like you always claim that the merit of others was by luck.

    4. Re:Opportunity by toastar · · Score: 2

      My dad always said, " It's not what you learn in college it's who you meet."

    5. Re:Opportunity by Anonymous Coward · · Score: 0

      Granted, jobs was a successful ceo at many companies. He has the business game down.

    6. Re:Opportunity by Anonymous Coward · · Score: 0

      Way to not get it, guy.

    7. Re:Opportunity by shiftless · · Score: 1

      Still, the right opportunity and the will to take advantage of it is what is actually required.

      FTFY

    8. Re:Opportunity by Anonymous Coward · · Score: 0

      Yeah, they say the same shit today. All these little college kiddies talk about is "networking."

      The funny thing is, you can get the same experience of meeting smart people without paying $100k for the privilege, or wasting four years in the process.

  13. The Lottery by firewrought · · Score: 2

    It seems like there are a lot of jobs--and career paths--that offer a very low chance of fabulous wealth: dropping out of college for a tech startup, writing a novel, becoming a fashion designer, going to Hollywood, starting a trendy restaurant, dealing crack, doing anything artistic (ballet/sculptur/rock band), day trading, pro sports, being an "inventor", etc. For most people, it's a recipe for going broke or just subsisting. For a few, it leads to greatness.

    And while humanity needs risk-takers, and it needs people to strive for greatness, I feel we over-glamorize the few (ALL of whom benefited from generous portions of luck in addition to the hard work and personnel genius they may have contributed) instead of emphasizing the steady, dependable careers that offer a good chance of honest work for honest pay (maybe not in this economy though :-().

    --
    -1, Too Many Layers Of Abstraction
  14. Re:And... by Harold+Halloway · · Score: 0

    Mod parent +1

  15. you dont have to be him by Anonymous Coward · · Score: 0

    you dont have to make billions to be successful...

    1. Re:you dont have to be him by MickyTheIdiot · · Score: 1

      A great number of people in the U.S. equate success and wealth. It's pretty sad...

    2. Re:you dont have to be him by fahrbot-bot · · Score: 1

      A great number of people in the U.S. equate success and wealth. It's pretty sad...

      And, also sadly, equate success/wealth with happiness. (As for me, I'm fairly successful and well-off, but my wife of 20 years died in 2006 and I'd happily be a penniless failure to have her back.)

      --
      It must have been something you assimilated. . . .
    3. Re:you dont have to be him by Anonymous Coward · · Score: 0

      Sorry man, best wishes to you

  16. What if... by tmosley · · Score: 1

    What if correlation is not causation, and the number of tech execs with degrees simply reflects the total population of people with the skills to be tech execs, ie, could many of those degreed tech execs have made it without the degrees they spent so much time and money getting?

    It's funny, the things that degrees are required for these days. I would hire someone out of high school to be a entry level technician in my lab, and train them myself, if our hiring policies allowed me to do that. In that way, I could get people without a bunch of debt who would be happy with the salary they get here, and thus would stick around long enough to advance.

  17. well CS does not really help for upper VP / Execs by Anonymous Coward · · Score: 0

    well CS does not really help for upper VP / Execs where a MBA is gold.

    But on the other side CS is not IT and you need people with real tech skills that college does a poor job of teaching.

  18. extenuating circumstances by AxemRed · · Score: 1

    The scenario mentioned above isn't as much a myth as it is an oversimplification. None of the people who accomplished this were average college students who simply had a good idea. They all had some sort of foundation for success started before they ever entered college.

  19. Disagree by pak9rabid · · Score: 4, Insightful
    FTA:

    There are always going to be exceptions to any rule. But if you are a betting person, you would increase your odds of becoming a tech executive if you have a college education and a senior executive if you have a management degree.

    I respectfully disagree. What do Bill Gates, Steve Jobs, Steve Wozniac, Michael Dell, and Mark Zuckerberg have in common? They were smart enough to realize that you have to strike while the iron is hot. All staying in school would have done for these guys is ensure that they missed the boat on their respective opportunities and found themselves in arguably more menial jobs as a result.

    This article sounds like it was sponsored by a bunch of universities or something.

    1. Re:Disagree by PieceOfShitAndroid · · Score: 1

      I'd remove Woz from that list. Woz is more of a go to college, work for one company your whole career kind of guy. Jobs had to beg Woz to start Apple.

    2. Re:Disagree by AxemRed · · Score: 1

      But they were also lucky enough to have been gifted with exceptional intelligence and raised in situations that allowed them access to computer hardware, software, and similarly gifted peers. They were/are all exceptional people. I think that the point of the article is that the vast majority of us aren't going to be able to accomplish what they did in the same way that they did.

    3. Re:Disagree by gatfirls · · Score: 1

      Exactly. If you take this outside of tech you will see it in every industry. "Huh, you can think and invent without someone telling you how to do it?" Of course, there is a point to be made that most won't get a decent 8th grade education until they complete their 2nd year of college.

    4. Re:Disagree by Osgeld · · Score: 0

      a couple of them were gifted with exceptional intelligence, the rest were gifted with exceptional arrogance, and above average con artist skills

    5. Re:Disagree by Bigby · · Score: 1

      Is the article really lumping together statistics of people who start a successful tech company with people who run a successful tech company? A company is only started once, but run by N executives. The executives shouldn't be part of this statistic because aspiring entrepreneurs are not looking to jump right into the role of CEO at an existing company.

    6. Re:Disagree by thesandtiger · · Score: 1

      They said "If you are a betting person" (meaning: if you play the probabilities) you would "increase your odds of becoming a tech executive" (meaning: an executive at a high-tech company).

      It's factually correct: There are more executives at tech companies who have college degrees than there are tech executives who don't, and VASTLY more than there are people like Gates/Jobs/Zuckerberg/Dell.

      Now, the thing is, I agree with your sentiment - I do think that the people who are most likely to be ridiculously off the charts successful in really novel ways are also most likely to be unconventional in other ways. In any field, really, let alone tech, unless that field absolutely requires some conventional background (like medicine nowadays, for example).

      But most people aren't world-changers, most people are better suited (despite what they might think) for a more conventional trajectory, and that's fine, too.

      Someone I know described the whole business starting environment to me like so:

      You have visionaries - people who see something that very, very few people in the world see. These people are fantastic at getting something new started.

      You have the "special forces" - these people are right behind the visionary and are able to help that person take the idea and actually begin to implement it, whether it be by finding investors/funding, fleshing the idea out, whatever.

      Then you have the "marines" - they come in after Special Forces has softened things up a bit and they really establish the beachhead - these are the people you want when you are about to launch your product.

      Then comes the "army" - the product has been launched, the market established, and now the structures of a working company need to be put into place, a company that can keep going on its own with a maturing product.

      Finally you have the "peacekeepers" - they start working at an established company and keep it going, but they aren't creating any new processes really, or even, often refining processes - they just keep doing what the previous group set them up to do.

      Each category has more people than the one above it, and each category of person is usually not terribly well suited to be more than 1 category away. This means for every visionary you'll have a bunch more "special forces" types, and it means that a visionary might be OK doing "special forces" type work but probably not "marine" work, and your average "peacekeeper" probably isn't going to be any great shakes in a "marine" kind of company. There are exceptions of course, but statistically, they're very, very rare.

      And by and large, anyone who is a marine on down is going to need to have a college degree in the current job marketplace.

      --
      Since I can't tell them apart, I treat all ACs as the same person.
  20. Great, an article from network world. by gl4ss · · Score: 2

    complete with annoying survey tacked on the article.

    the site and article are aimed at essentially people holding masters in "business" - that's phb's, nobody fucking else would bother to read a site with hover-spam and popups.

    (here's the print link, all in one page http://www.networkworld.com/cgi-bin/mailto/x.cgi?pagetosend=/news/2012/070212-tech-ceo-college-260546.html&pagename=/news/2012/070212-tech-ceo-college-260546.html&pageurl=http://www.networkworld.com/news/2012/070212-tech-ceo-college-260546.html&site=printpage&nsdr=n )

    basically, if you want a job running a big company _for someone else_ then you need a degree most of the time. but hell, they chose to include even a guy who's running a company because he inherited the position. sure zuck might not get an interview for ceo position at another company - but most companies would set him up for an interview to buy the fucking company - but if he didn't own facebook he would be just a regular schmo.

    interesting list would be one of tech companies ran to the ground by ceo's with perfectly good credentials on paper, even McBride had degrees you know - on the very thing he fucked up!

    besides, what the fuck defines "an aspiring tech executive"? I can understand what defines an aspiring engineer, but not technology executive - is it like aspiring to be a venture capitalist, only playing with someone elses money already given to him to play with, with projects already given to him?

    --
    world was created 5 seconds before this post as it is.
  21. Re:And... by dc29A · · Score: 5, Informative

    Zuck: Yeah so if you ever need info about anyone at Harvard
    Zuck: Just ask.
    Zuck: I have over 4,000 emails, pictures, addresses, SNS
    [Redacted Friend's Name]: What? How'd you
    Zuck: People just submitted it.
    Zuck: I don't know why.
    Zuck: They "trust me"
    Zuck: Dumb fucks.

  22. I Disagree by wisnoskij · · Score: 1

    First off business men absolutely should copy Mark's complete disregard for the law, friends, and common decency when chasing profits.

    "RUNNING successful U.S. high-tech firms"
    And that is the important part. Running, did these "tech giants" create these companies or were they simply the safe choice that was made when picking someone to run them?

    --
    Troll is not a replacement for I disagree.
  23. Definitely a bad role model by OzPeter · · Score: 2

    But not because he dropped out of college, but for doing things like buying Instagram for $1B without consulting his board.

    --
    I am Slashdot. Are you Slashdot as well?
  24. For every rule there are exceptions by Virtucon · · Score: 1

    There are outliers any any population. These are the folks who are at the right place and the right time. Some are astute and take advantage of the situation while others fall into it.

    This happens with everything from insects to people to companies and it has since time began. So, the Jobs, Zuckerburgs and Gates of the world can be shown to be successful without a college education but there was also a few others:

    John D. Rockefeller
    Andrew Carnegie
    Samuel ZeMurray
    George Westinghouse
    Thomas Edison

    Most of these people were from the school of hard knocks and were ruthless individuals when it came to their enterprises. I think history bears that out that the ruthless individuals who are willing to sacrifice anything to get what they want usually succeed. Either that or the villagers get their pitch forks and torches and kill the SOB.

    --
    Harrison's Postulate - "For every action there is an equal and opposite criticism"
    1. Re:For every rule there are exceptions by Sponge+Bath · · Score: 1

      ...villagers get their pitch forks and torches and kill the SOB.

      Run Z-bone[1], run!

      [1] I had a FB account once, so I'm close enough to Zuckerberg to call him Z-bone.

  25. the real reason he's a bad model by Anonymous Coward · · Score: 0

    The real reason he's a bad role model is because he started Facebook.

    Seriously, that is NOT what we need more of.

  26. Outlier is the word by Anonymous Coward · · Score: 0

    If we want to be pedantic, "outlier" is probably the better word.

    1. Re:Outlier is the word by magarity · · Score: 1

      If we want to be pedantic,

      You must be new here; that's not allowed.

      Nor is sarcasm.

  27. Interesting. by Anonymous Coward · · Score: 0

    And here I thought it was just because Zuckerberg was a socially-inept slob. I know a few of those with business degrees.

  28. well we have to much college for all and less is n by Anonymous Coward · · Score: 0

    well we have to much college for all and less is need in the class room and less filler classes.

    Maybe a AA / AS should be the base line to shoot for with more a trades focus in place. a BA / BS is way to much for most jobs and stuff like IT need a trades type learning system.

  29. I disagree by paiute · · Score: 1

    Stealing IP and lawyering up to defend it is a pretty reliable plan.

    --
    If Slashdot were chemistry it would look like this:Cadaverine
  30. What about the myth of the non-drop out? by Kergan · · Score: 2

    Summary mentions the myth of the ivy league drop out...

    Dare I ask? What about the myth of the grad student who has a stellar career in the midst of the biggest college/university fee hike --and possibly the shittiest economy-- in history?

    Anyone care to tell them that their lifetime salary bump for having their degree will not necessarily pay for the debt they took on early in life, since the career prospects for many of them will be flipping burgers or waiting at restaurants anyway? (Don't laugh, most of you have been served at least once by a lawyer or PhD. It occasionally pays better.

    1. Re:What about the myth of the non-drop out? by tomhath · · Score: 1

      Graduate degrees have always been a crap shoot; either you get a cushy research/teaching job or you're overqualified for everything. I recall reading stories many years ago about now many cab drivers in New York City had PhDs.

    2. Re:What about the myth of the non-drop out? by GodfatherofSoul · · Score: 1

      I'll be so glad to see that one go away. Used to be you could get any old degree and go out and get a really good job. A friend of mine is a music major and got a job as a supermarket manager (they make relatively good money, too). That was 10 years ago. Now, you need a specific plan on how you're going to parlay a degree into a salary.

      --
      I swear to God...I swear to God! That is NOT how you treat your human!
    3. Re:What about the myth of the non-drop out? by Anonymous Coward · · Score: 0

      Graduate degrees have always been a crap shoot; either you get a cushy research/teaching job or you're overqualified for everything.

      ......

      OR you could, you know.....go out and start your own business....

  31. troll article? by Anonymous Coward · · Score: 0

    troll article?

    1. Re:troll article? by Anonymous Coward · · Score: 0

      you must be new here

    2. Re:troll article? by Anonymous Coward · · Score: 0

      ...or vagina.

  32. CEO is an employee by rgbrenner · · Score: 1

    The CEO is generally an employee of the company. Do you really expect a board (most of whom also have degrees and are often CEOs of other companies) to hire someone without a degree to lead their company? Of course not.

    So yes, CEOs will generally have degrees. The only time there is an exception is when the person founded the company, and built it themselves. And apparently in tech, there are only 3 of those left at the moment (gates, zuckerberg, ellison).

    College drop outs account for 20% of the 657 self-made billionaires in the world:
    http://www.forbes.com/2009/04/02/billionaire-clusters-harvard-skull-and-bones-goldman-business-billionaires-wealth.html

    Of course, college dropouts (or those who never started) account for a much larger portion than 20% of the population.. so if anything, college dropouts are LESS likely to make it that far.

    1. Re:CEO is an employee by rgbrenner · · Score: 1

      So I have to correct myself after checking the article. The 3 tech CEOs without degrees are zuckerberg, ellison, and dell.

      Gates is no longer the CEO of microsoft, so he does not count. Likewise, Jobs does not count either.

    2. Re:CEO is an employee by MickyTheIdiot · · Score: 1

      I actually it would do a great justice to corporate governance and the whole world if we reformed corporate boards completely. I am *not* sure that other CEOs are needed or wanted on boards. At the moment corporate boards are nothing more than one tangle of conflicted interests. We need groups of shareholders that will actually hold CEOs accountable and won't force wages up just because they sit on each other's boards. The whole system as it is right now is a disgrace.

    3. Re:CEO is an employee by grepya · · Score: 1

      The CEO is generally an employee of the company. Do you really expect a board (most of whom also have degrees and are often CEOs of other companies) to hire someone without a degree to lead their company? Of course not.

      So yes, CEOs will generally have degrees. The only time there is an exception is when the person founded the company, and built it themselves. And apparently in tech, there are only 3 of those left at the moment (gates, zuckerberg, ellison).

      Ummm.... you might have heard of a couple of nerds from standford that started a web search company.... ? And yes, they did drop out of their Phd programs.

    4. Re:CEO is an employee by rgbrenner · · Score: 1

      The article only talks about CEOs.. so Sergey doesn't count, because he isn't the CEO. Page has a bachelor's in computer engineering from the University of Michigan and a masters in computer science from Stanford University.

      So Page is not a college drop out.

  33. Re:And... by Anonymous Coward · · Score: 5, Insightful

    Zuck: Yeah so if you ever need info about anyone at Harvard Zuck: Just ask. Zuck: I have over 4,000 emails, pictures, addresses, SNS [Redacted Friend's Name]: What? How'd you Zuck: People just submitted it. Zuck: I don't know why. Zuck: They "trust me" Zuck: Dumb fucks.

    How to be rich and successful in corporate America: be a selfish, backstabbing cunt with no conscience!

    That's what we want! That's what we select for! The compassionate, mature guy well he can just go on welfare, fuck him. We love our sociopaths. Sociopath?! Where?!?!?! Here, Mr. Sociopath, let me give you some money and power, yeahhhh that's the stuff.

  34. Yeah, stay in college by sl4shd0rk · · Score: 1

    Accumulate loans. Accumulate debt. Graduate into a crappy economy created by the same people you will be paying off for the next 20 years.

    --
    Join the Slashcott! Feb 10 thru Feb 17!
  35. well passing over people who can do the job but do by Anonymous Coward · · Score: 0

    well passing over people who can do the job but do not have a piece of paper can be seen as discrimination even more so in a job where some with learning disabilities can learn on the job but is not cut out for college.

  36. Edison: Another asshole by Anonymous Coward · · Score: 0

    I sense a trend...

  37. Re:And... by Anonymous Coward · · Score: 1

    Anonymous Coward and 2,416,027 others like this.

  38. Re:And... by GameboyRMH · · Score: 3, Insightful

    THIS

    Forget any minor shit about his education, Zuckerberg is a real-life supervillain, destroying humanity's concept of privacy and commercializing human relationships for his own personal gain.

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  39. Also Richard Branson, Amadeo Peter Giannini, ... by tlambert · · Score: 3, Informative

    OK, BofA is stretching "high tech" a little...

    Richard Branson - Virgin Records, Virgin Atlantic Airways, Virgin Mobile, Virgin Galactic, plus all of http://www.virgin.com/company
    David Geffen - Dreamworks
    Ted Murphy - izea.com
    Tom Anderson - myspace.com
    David Karp - Tumblr.com
    Y.C. Wang - fpusa.com
    Rob Kalin - etsy.com
    Theodore Waitt - gateway.com
    Shawn Fanning - napster.com
    Steve Wozniak - apple.com
    Kevin Rose - digg.com
    Dustin Moskovitz - Cofounder, Facebook
    Jerry Yang - yahoo.com
    Amadeo Peter Giannini - Bank of America, perhaps you've heard of it
    Craig McCaw - McCaw Cellular
    Ashley Qualls - whateverlife.com
    Pete Cashmore - mashable.com
    Jeffrey Kalmikoff - Threadless.com
    Ben Kaufman - kluster.com
    Red McComb - Clear Channel
    Bram Cohen - BitTorrent
    Gurbaksh Chahal - Blue Lithium, Click Again

  40. greedy bastard by Anonymous Coward · · Score: 0

    He is a greedy sociopathic bastard.

    1. Re:greedy bastard by Anonymous Coward · · Score: 0

      He is a greedy sociopathic bastard.

      Yes, but a popular one.

  41. EDITORS: Title is too verbose by idontgno · · Score: 1

    You should have cut it off at "Why Mark Zuckerberg Is a Bad".

    Brevity, Friend.

    --
    Welcome to the Panopticon. Used to be a prison, now it's your home.
  42. here is your success map by Anonymous Coward · · Score: 0

    be jewish, have connected parents, go to some ivy league bullshit old boys college, steal other peoples ideas

    facebook was not zuckerbergs idea, he did not become successful because he struck while the iron was "hot"

    its all about image.
    you fools all continue to fail to understand the simplest shit.

    its exactly why america has completely fallen apart...

  43. Shorter version. by king+neckbeard · · Score: 2

    He's a lottery winner. There was nothing special about facebook. He happened to be at the right place at the right time to have his otherwise unremarkable network become popular, and he didn't turn it to complete shit as fast as myspace did.

    --
    This is my signature. There are many like it, but this one is mine.
    1. Re:Shorter version. by nine-times · · Score: 1

      Honestly, I think it's important to note how much luck plays a role in these success stories. Not necessarily in the sense of "There's nothing special about Zuckerberg-- he was just in the right place at the right time!" But more like, "However smart and talented Zuckerberg might be, he might be waiting tables right now if he weren't in the right place at the right time with the right people."

      Certainly he had some strengths that enabled him to succeed when the right opportunities arose. There are also lots of other people with those same strengths who will never make a 6 figure salary.

  44. Like other jobs... by Shoten · · Score: 4, Interesting

    Remember the woman who played the young John Connor's step/foster mother in T2? Yeah, I don't know her name either, and that's my point. She's one of those actors/actresses whose face you remember, but whose name you don't. But as a result of having small parts in so many movies, she's pulling in somewhere at the low seven figures from royalties. She's not Brad Pitt, Helena Bonham-Carter or any other famous professional from the acting world, but she embodies a more likely form of success to anyone who would choose acting as a career. But alas, the center of the bell curve is never all that interesting...and nobody wants to be at the lower side of what falls off the slope. So everyone focuses on the exceptional and strange (in a good way) examples.

    --

    For your security, this post has been encrypted with ROT-13, twice.
    1. Re:Like other jobs... by dkleinsc · · Score: 2

      I once ended up on a plane next to a Hollywood actress. I started asking about work she's done, and of course I hadn't heard of it, and definitely didn't know who she was. She explained that almost all actresses and actors in Hollywood made a decent but not great living doing bit parts in various movies and TV shows, and that it was a fairly good job all told but not one that would ever make her millions.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    2. Re:Like other jobs... by Anonymous Coward · · Score: 0

      There might be a little more to it than that...

    3. Re:Like other jobs... by Anonymous Coward · · Score: 0

      Remember the woman who played the young John Connor's step/foster mother in T2?

      How can you NOT remember the name Jeanette Goldsmith?!

      "Hey Vasquez, have you ever been mistaken for a woman?"

    4. Re:Like other jobs... by mattack2 · · Score: 1

      How do you know how much she makes? (I looked at the cast of T2 on imdb, can't figure out to whom you're referring.)

    5. Re:Like other jobs... by GodfatherofSoul · · Score: 1

      Damn! Never knew that!

      --
      I swear to God...I swear to God! That is NOT how you treat your human!
    6. Re:Like other jobs... by DerUberTroll · · Score: 1

      How can you NOT remember the name Jeanette Goldsmith?!

      "Hey Vasquez, have you ever been mistaken for a woman?"

      No, have you?

    7. Re:Like other jobs... by roman_mir · · Score: 1

      She was also the 'Iris mom' in Titanic.

    8. Re:Like other jobs... by roman_mir · · Score: 1

      Irish, not Iris. Now the IRA will be coming for me.

    9. Re:Like other jobs... by Anonymous Coward · · Score: 0

      Linda Hamilton

    10. Re:Like other jobs... by Anonymous Coward · · Score: 0

      http://www.imdb.com/name/nm0001280/

  45. CEOs, tech, what? by EmperorOfCanada · · Score: 1

    The key here is not who is the present CEO of tech companies but who was the (potentially mythical) founder. The title CEO implies that the company is public or at least has a bunch of shareholders; these CEOs are often MBAs. Often the founders have sold, retired, or the MBA types have pushed the founder out by this point. So the stat that I want to see is what percentage of successful tech companies are(or were) run by someone with a degree?

    Plus think of all the companies that were bought out by a big company and technically no longer exist; who started those? I don't necessarily say that the article was wrong just that by narrowing it down to the title CEO that you have probably cut off the "Mythical" story that we have come to love. CEO would be the post script to that story. Lots of those "Mythical" people would probably have held the title: President, or Co-founder.

  46. Completely Disagree by RumorControl · · Score: 2, Interesting

    What is not mentioned here is that the methods by which those great tech startups got big.

    " behind every great fortune is a great crime"

    Apple
    Microsoft
    Facebook
    Oracle
    are all great heists

    And thus it's good to study those crimes if you wish to become rich. The MBA is really good training for finding your mark to exploit and understanding risks..but anyone can steal.

  47. Myth Confirmed by russotto · · Score: 1

    Dropped out: Gates and Allen. Jobs and Wozniak. Ellison. Zuckerberg.

    On the other hand, if you don't want to drop out, you could go to Stanford, as Hewlett & Packard (HP), Bosack and Lerner (Cisco), and Brin and Page (Google) did.

  48. What does it matter about who becomes a CEO? by gatesstillborg · · Score: 1

    This is like half of all little kids saying they want to be astronauts. Talk about winning the lottery! This is just academia's old saw to market itself and it's nothing but snake oil.

  49. *unless you are in school for IT... by bloggerhater · · Score: 1

    This article is a joke. Zuckerburg was a CS major. He was not perusing an MBA and thus was not looking to be a massive CEO.

    By and large most fields require a deep education to be competitive. No form of higher computing is on that list. Drop out and get your alphabet soup in order (certs). Keep them up to date. Keep up with new tech.

    Degrees in Computers are nearly worthless because tech evolves so quickly. If you feel you absolutely need a degree, then go after business. Business degrees are wise if you INTEND to be in leadership. Or you can pick another field so you can take your IT knowledge to that field and bridge the gap between.

    1. Re:*unless you are in school for IT... by grepya · · Score: 1

      Degrees in Computers are nearly worthless because tech evolves so quickly.

      Oh boy... if you're intending to make a career in the tech industry with that attitude, you're gonna have a bad time.

    2. Re:*unless you are in school for IT... by bloggerhater · · Score: 1

      Degrees in Computers are nearly worthless because tech evolves so quickly.

      Oh boy... if you're intending to make a career in the tech industry with that attitude, you're gonna have a bad time.

      I do thank you for your astute observation. You have proven my entire point for me.

        The elitest attitude towards higher education (or a lack thereof) absolutely needs to go. It is one of the biggest problems with our industry, being the single greatest reason why we have so many vacant engineering jobs. Some of the most talented individuals on my team have nothing better than a high school education, yet can code circles around the guys on my team with an MS in CS...and never would have gotten a second look if they hadn't had referrals to get on the team.

      Btw... I have a fantastic career in the industry doing exactly what I love to do. It's wonderful waking up every day excited about my projects.

      Real world experience: In the end the only things that matter are people skills, experience and certs.

  50. Re:And... by Anonymous Coward · · Score: 0

    He's a massive cunt all right. Who cares whether he graduated or not?

  51. Re:And... by Anonymous Coward · · Score: 1, Interesting

    Zuck: Yeah so if you ever need info about anyone at Harvard Zuck: Just ask. Zuck: I have over 4,000 emails, pictures, addresses, SNS [Redacted Friend's Name]: What? How'd you Zuck: People just submitted it. Zuck: I don't know why. Zuck: They "trust me" Zuck: Dumb fucks.

    He was all right about this. Everybody that give away their lives to complete strangers are all dumb fucks. He became rich because the world is filled with dumb fucks.

  52. Re:And... by Anonymous Coward · · Score: 0, Insightful

    I don't see any wrong with that. In fact, I control sexy women with my wealth. It works both ways, and if both are happy, so what?

  53. Nerd NFL by Anonymous Coward · · Score: 0

    This is the nerd version of high school football players not worrying about grades because they're gonna get into the NFL.

  54. Does the industry exist? by trout007 · · Score: 3, Insightful

    The real thing these guys have in common is they didn't just create companies they helped created industries.

    So if you want to start a company that does something other companies do it would make sense to go to school and learn about those industries. But if you want to create an industry that doesn't exist you are not going to learn it in school.

    --
    I love Jesus, except for his foreign policy.
  55. Re:And... by Quiet_Desperation · · Score: 5, Insightful

    If that passes for a supervillain in your universe, where's the portal to get there?

    In my universe the run of the mill villains slaughter people without remorse or conscience; win public office based on lies and then force their demented wills on the people with the full force of government agencies (staffed by personality types that love to get all up in your shit with force) at their backs; wage wars with vague purpose and no end game, or just because someone's great great grandparent did some uncertain bad thing to someone else's great great grandparent; head up thuggish dictatorships that commit genocide and slavery; run hideous anti-science, misogynist religions; leave dozens of decapitated bodies hanging from bridges merely as a warning to others; hire physicists to build economic models that eventually crash the economy; write laws that lead to the hiring of physicists to build models that eventually crash the economy; refuse to see the society destroying fallacies of their own ideologies despite endless empirical evidence, and, oh, so many other things.

    Geez, your universe considered some jackass offering a free and voluntary service with dubious fine print a supervillain? Let me pack my bags!

  56. Re:And... by rbeef · · Score: 1

    Zuck: Yeah so if you ever need info about anyone at Harvard Zuck: Just ask. Zuck: I have over 4,000 emails, pictures, addresses, SNS [Redacted Friend's Name]: What? How'd you Zuck: People just submitted it. Zuck: I don't know why. Zuck: They "trust me" Zuck: Dumb fucks.

    How to be rich and successful in corporate America: be a selfish, backstabbing cunt with no conscience! That's what we want! That's what we select for! The compassionate, mature guy well he can just go on welfare, fuck him. We love our sociopaths. Sociopath?! Where?!?!?! Here, Mr. Sociopath, let me give you some money and power, yeahhhh that's the stuff.

    This applies to virtually every venture. It explains why this world is in the shape it's in. What's worse is that the vast majority of us put into the same situation would do the same. The human heart is sick with competitiveness and greed. I could go on and on about this and sound like a sermon (and I'm not a religious guy either, just someone who's just sick of the mess we've put ourselves in). I don't see a solution because the next guy will be as bad as the first. Frankly I think this is the best we will ever have. Sad but true.

  57. Re:And... by avandesande · · Score: 1

    Also he dresses poorly. Don't go to wall street hoodie in hand asking for people to invest their pension money.

    --
    love is just extroverted narcissism
  58. Busted by slew · · Score: 2

    Woz: never the CEO of apple
    Jobs: not the first (Michael Scott), nor second (Mike Markkula), nor third (John Sculley), nor fourth (Michael Spindler), nor fifth (Gil Amelio) CEO of apple. Not 'till he was fired from Apple did he become the CEO of NeXT...

    Perhaps you could conclude from this that getting fired and starting your own company is the model for aspiring Tech Execs?

    1. Re:Busted by busyqth · · Score: 1

      Job was, however, a "tech exec" in his first stint at Apple -- just not CEO.

  59. Re:And... by Anonymous Coward · · Score: 0

    He is indeed an asshole, which is the same reason why people like Vic Gundotra, Andy Rubin, Sundar Pichai and Ben Treynor are very bad examples for other people to follow: Because they are utter assholes.

    --

    Sundar Pichai is the utter asshole whose incompetence resulted in the shutdown of Google's Atlanta office. We don't forget!

  60. Myth? by pckone · · Score: 1

    I'm confused how it's a myth. Not common, sure, but it doesn't exactly meet the definition of a myth.

  61. Poor reasoning by thetoadwarrior · · Score: 1

    He's not even mentioned Jobs or other famous people that didn't finish university. But more importantly he didn't list all the people with a CS degree that have a shit low paid going no where job just waiting to be off-shored.

  62. Re:And... by water-and-sewer · · Score: 4, Funny

    On behalf of every would-be tyrant, autocrat, dictator, and fiend, I'd like to THANK Zuck. I mean Christ, who needs to invest in expensive and complicated counter-terrorism and surveillance services when you can just put a person in front of a computer and they'll happily blab away their every secret in exchange for links to silly cats and pictures with text over them?

    Facebook is the best thing to happen to dictators in a while. It's a tremendous source of information, it's not hard to hack (and has BEEN hacked on numerous occasions), and gives the tyrant an almost complete picture of who you hang out with, when, where, and what you discuss. DickTater know what you like, what you do, where you work, where you studied, and who your co-subversives are.

    So thanks, Zuck. Being a tyrant was never so easy. In fact "using Facebook" makes up a large part of chapter 9 (Communications & Media) of the Dictators Handbook (http://www.dictatorshandbook.net/). True!

    --
    If this were Usenet, I'd killfile the lot of you.
  63. And from the New Journal of Duh... by Anonymous Coward · · Score: 0

    Stop the presses! This just in! Education increases the likelihood of succeeding in business!

    Next up in our "who knew" exposition - Sticking sharp objects in one's eye increases the likelihood of blindness! Who knew?!?

  64. Re:And... by mattack2 · · Score: 1

    So, you discriminate against people upon how they dress?

  65. Re:Also Richard Branson, Amadeo Peter Giannini, .. by Hatta · · Score: 1

    Y.C. Wang - fpusa.com

    uh huhuh huh...

    --
    Give me Classic Slashdot or give me death!
  66. Re:And... by Anonymous Coward · · Score: 1

    We love our sociopaths. Sociopath?! Where?!?!?! Here, Mr. Sociopath, let me give you some money and power, yeahhhh that's the stuff.

    This applies to virtually every venture. It explains why this world is in the shape it's in. What's worse is that the vast majority of us put into the same situation would do the same.

    I don't believe that. I believe that most of us, put into the same situation, would follow some sort of Golden Rule, fail to take sociopathic advantage of the surrounding rubes. Of course, that also reduces the probability of outrageous success (profit), so it also follows that most of us, put into the same situation, would fail to produce Facebook.

    You don't have to be a sociopath to be successful (as measured by wealth) - look at Brin & Page, or Vint Cerf. Being willing to lie and cheat does stack the odds in the sociopath's favor. Wealth can also be displayed easily in a 30 second news bite, where respect of your peers, deeply satisfying personal relationships, loving family, and historical significance are difficult to portray in pictorial form suitable for mass-market consumption.

  67. Slashdot by StripedCow · · Score: 1

    Education has nothing to do with it. The fact that he didn't waste his time on slashdot gave him the advantage that allowed him to beat the competition.

    --
    If Pandora's box is destined to be opened, *I* want to be the one to open it.
  68. Good news by Anonymous Coward · · Score: 0

    I have two graduate degrees and I'm still a failure.

  69. Dropping out of college at Harvard... by Anonymous Coward · · Score: 0

    It's really easy to drop out of college when you go to Harvard (like Bill Gates and Mark Zuckerberg). Harvard lets you go back to your studies in any time of your life. There's no real reason not to give your new startup a shot when you can go back to college later if things get messed up.

  70. Re:And... by CodeHxr · · Score: 2

    He's not the only one - just one of the most visible. I estimate that a very large portion of "corporate america" has only gotten where they are today because of the large amount of dumb fucks in the world.

  71. Re:And... by Anonymous Coward · · Score: 1

    Ah, that's cute, you think just because it's voluntary that it's not evil.

    Actually that just makes him a WORSE villain, since he's smart enough to get you to eat the poisoned cheese.

  72. In Zuck's defense... by Gordo_1 · · Score: 1, Insightful

    1. He was young.
    2. Being honest in a private conversation.
    3. This conversation has become a meme that's regularly used to assassinate his entire character. Largely I imagine, because out of some hard work and a lot of luck, he became successful.
    4. It's really just one moment in his life and he probably said it in a geeky-sarcastic manner to get a reaction. I don't necessarily interpret it to mean that he's admitting (at that point at least) to not be trustworthy with others data, just that he was amazed to discover that people become blithering idiots when it comes to exchanging their personal information for "shiny". I don't think the rest of us truly made that connection until several years later, so I imagine it would have been quite a revelation to him just how much people trust words on a computer screen.

    Sure, he started Facebook and they're hardly corporate role models when it comes to privacy, but it's no different than what dozens of other corps want to do or are doing with your data, so go burn their CEOs in effigy.

    1. Re:In Zuck's defense... by dna_(c)(tm)(r) · · Score: 4, Insightful

      [...] but it's no different than what dozens of other corps want to do or are doing with your data[...]

      That does not make it right.

    2. Re:In Zuck's defense... by amiga3D · · Score: 1

      No. But it does make it common.

    3. Re:In Zuck's defense... by Anonymous Coward · · Score: 0

      He used this data to access systems. You could forgive him for having a very dark sense of humour, but he crossed the line.

    4. Re:In Zuck's defense... by shiftless · · Score: 1

      I don't necessarily interpret it to mean that he's admitting (at that point at least) to not be trustworthy with others data

      Why wouldn't you? That's exactly what he said! The very first part was him offering to get the other guy any personal info he could want!

      Anyone who has read this conversation, and who has seen the massive privacy violations Facebook has perpetrated on its users, KNOWS that Zuckerberg is an untrustworthy piece of shit. Stop apologizing for him.

    5. Re:In Zuck's defense... by datavirtue · · Score: 1

      Everyone is really much too hard on corporations for exploiting data. We'll see what YOU do when you end up with troves of data at your disposal. Data is equal to power, which is quite obvious when you start to collect it and realize the power it gives you. Once you have the data you never want to let go of it and the possibilities nag at you. There is not a single one of you who would throw away valuable data, not a single one of you.

      --
      I object to power without constructive purpose. --Spock
  73. Re:And... by Man+On+Pink+Corner · · Score: 0

    The human heart is sick with competitiveness and greed.

    Which is why you're not posting this from a tree or a cave.

  74. Re:And... by cavreader · · Score: 1, Insightful

    Nobody has ever been forced to use Facebook. It is the people unwilling to take responsibility for their own choices and actions who are causing the problems. Zuckenberg and Gates both made a choice and took the risks that ultimately made them successful beyond measure. When you first start a business in hopes of achieving success you should totally invest yourself in that enterprise to achieve that success. As with MS, Facebook, Apple, or Google when do you decide to stop trying to achieve success just because you start making money? Do you reach a cut off point and then just start working for free? When society starts punishing success than you will see some real problems.

  75. Re:And... by Anonymous Coward · · Score: 1

    Actually, since wall street people invest other people's pension money, everything is A-OK.

  76. only half the story: the majority get educated by Anonymous Coward · · Score: 0

    If the majority get educated then it's not surprising that the majority of CEOs are educated. That doesn't mean one has anything to do with the other. I got a degree and I will state it's totally and utterly worthless. There is nothing of value I learned in college and I'm in the field that I got educated for. What I learned in college had nothing at all to do with the courses I took or the degree I got. Everything of value I did on my own completely unrelated to school. I always though education was worthless... then I realised wait- it is.

    Yea- I'm the CEO of a start-up that is doing great things. And not only are we doing great things. It's a successful free software company. Not "Open source". We only write and sell free software products and services. We have operations in a few countries now and are doing fantastic. Our biggest problem is keeping up with demand. I'm projecting millions of dollars in the next couple years. Not bad for a company that was funded off a $9 an hour job for 6 months and living in my parents basement (ok, I didn't actual live in my parents basement, I had a room, but just trying to stay stereotypical). And yes- I have my own place now and a handful of employees.

  77. Re:And... by Anonymous Coward · · Score: 0

    How to be rich and successful in corporate America: be a selfish, backstabbing cunt with no conscience!

    And yet, somehow these qualities not only require a college degree, but a graduate degree. Tends to say something about higher education, doesn't it.

    The Moneygrabbing Backstabbing Asshole...the new and improved MBA.

  78. Because it all was a lie by Anonymous Coward · · Score: 0

    Mark Zuckerberg (sugar mountain) is really Mark Greenberg, Rockefeller grand-son.

  79. Re:And... by rwise2112 · · Score: 1

    That... and he shot Bill Murray!

    --

    "For every expert, there is an equal and opposite expert"
  80. Re:And... by Anonymous Coward · · Score: 0

    Because he's a cunt.

    Observation +1

  81. Re:And... by Man+On+Pink+Corner · · Score: 1

    Keep in mind that Brin & Page and Vint Cerf and whoever else can afford not to be "sociopaths" because they stand on the shoulders of people who arguably did behave like sociopaths, such as T. J. Watson, Steve Jobs, and Bill Gates. It's easy to be progressive when your predecessors did the necessary ass-kicking for you.

    Zuckerberg resembles those guys more than he does the Google founders or the other prominent Web 2.0+ figures in his own peer group. Like the old-school mobsters of computing, he is laying the groundwork for something bigger, whether he knows it or not.

  82. Because he zucks by DerUberTroll · · Score: 1

    And so do the 800.000.000 users.

  83. Re:And... by Just+Another+Perl+Ha · · Score: 2

    You sir, are a net drain on society.

  84. All-go-to-college model is broken by tchernik · · Score: 1

    The reason why Zuck and his fellow college drop-out CEOs are so compelling examples for many, has something to do with rejection of the mandatory college model we have been fed since some decades ago. The belief that in order to prosper, you have to have a paper showing off your grades is simply wrong. It rests on the societal delusion that education alone gives you the edge on the jobs market, where in fact talent, motivation, interpersonal skills, personal interests and/or self-imposed experimentation and work are much more fruitful.
    Some people do have other talents that don't require them to finish a college degree or more in order to be marketable. And that should be OK.
    The problem I see is that society can make such model a de facto imposed rule impacting everybody's lives, if everyone comes to expect for you to have a diploma, and it may end up disqualifying you from opportunities just because you fail that basic test.
    Really talented people tend to overcome that, but the young and impressionable feel compelled to pursue a degree just to avoid that potential rejection, and because "it's the thing to do".

  85. Re:And... by Anonymous Coward · · Score: 1

    It would be a lot easier to be progressive without being a sociopath if there were no sociopaths using dirty tricks against you. I don't buy the argument that it was necessary for the people who's work they built-on to be sociopaths.

  86. Re:And... by tnk1 · · Score: 3, Interesting

    So, you discriminate against people upon how they dress?

    It's great to be comfortable or a rebel and all, but the way humans (and computers) interact seamlessly is through standards. Clothing may seem trivial to you, but dressing for business is a statement that you are there *for* business. You can still be there for business if you wear a hoodie, but it becomes open to interpretation, just as Zuck's choice of apparel was.

    That lack of clarity can ruffle feathers and be enough to make a difficult negotiation impossible. Sometimes, that sort of clash is a statement, and as such, may be a good idea, but it comes with a risk.

    One way or the other, anyone who expects their bits to arrive in an expected manner, but rails against people who arrive dressed in an expected manner isn't considering the value of convention to efficient and clear communication.

  87. Re:And... by Anonymous Coward · · Score: 0

    >When society starts punishing success than you will see some real problems.

    As if "success" was some magical "stuff" doled out by the universe, outside of context or social activity.

    When society starts punishing success grounded in inherently (if unintentionally) exploitative practices and products, we will solve some real problems.

  88. Re:And... by binary+paladin · · Score: 1

    Yeah, I do regularly.

    What you wear to a given event makes a statement. When you put clothing on, you're saying something. If you show up to a formal wedding in shorts and flip-flops that makes a statement. I also discriminate against people who go into libraries and yell, because it's inappropriate and shows a lack of respect for the people around them.

    When it's your company or your office or your house or your event, you can do as you like. However, when it's a group even with certain standards and expectations you can still do as you like, but I'm also perfectly within my right to make judgements based on what you do.

  89. /. PROPAGANDA FRIST POST by Anonymous Coward · · Score: 0

    bad future

  90. Re:And... by Anonymous Coward · · Score: 0

    >Because he's a [smelly, freshly screwed ] cunt.

    I have known several billionaires, James Von Ehr, Charles Berolzheimer, etc. All extremely polite, and unpretentious. The world could use less Mark Zukerbergs, one less for now.

  91. Re:And... by amiga3D · · Score: 1

    No, that makes them idiots or more likely just apathetic victims. Most people on facebook realize what's going on and are willing to throw away privacy to be part of the community. Really, what's the big deal? It's not like you really have any privacy, it's all an illusion. In modern society privacy is almost non-existent. It's not evil it's just exploitation. There are so many real problems in the world I don't think this even registers.

  92. Re:And... by Anonymous Coward · · Score: 0

    Why is that? It's just simple supply/demand. How is he a net drain?

  93. Re:And... by mattack2 · · Score: 1

    See, you mention being a "rebel". I like to wear a T shirt and shorts because they're comfortable. (Also, I'm barefoot right now at work.)

    Though I admit, I do also wear polo shirts, partially because people "think they're more dressy". So unfortunately, I'm also falling to your side's inferences, even though I disagree with them on a general level. (Yes, there is a level of unkemptness that can go too far, but heck, that leans into unsanitary.. though heh, I realize some would think that of me being barefoot.)

  94. We keep forgetting... by Cute+Fuzzy+Bunny · · Score: 1

    We keep forgetting that a lot of these 'college dropouts' who went on to become successful CEO's came from wealthy families and had their business venture not worked out, they'd have gone back to college and then laid around enjoying their trust funds for the rest of their lives.

    We're also looking at this situation rather orthogonaly. Often these successful companies became successful because of a great idea or product that resonated with people. Many of them incorporated more senior managers there to help guide the 'ceo' who invented the idea or product...the VC people usually see to that. So the fact that the 'ceo' dropped out of college and doesn't have a degree is pretty much 110% irrelevant.

    Foil that with the fact that many college degree laden ceo's are lousy ceo's. I can think of 4-5 right off the top of my head that couldn't find their ass with both hands and a swivel waist. The netflix ceo comes to mind. I hear he's quite good at making deals for content, but he's a blaring moron. Without looking, I'm sure he has at least one or two degrees.

    I took a different route. When I looked at computer science programs in the late 70's when I graduated high school, they were mostly 5 years behind what the industry was already doing and the few schools with highly contemporary programs (dartmouth, mit, etc) were expensive and hard to get into. Since the maturing computer business needed people, my relative immaturity and lack of a degree were easily overlooked by many. Twenty years later I'd started and sold several businesses and was sitting on the board of a half dozen companies my company had invested in.

    There were 3-4 companies I'd have liked to work for that nixed me because I didn't have a degree. That wasn't really a problem. I made a few billion dollars for people who weren't so short sighted.

    The real story here is the percentage of people who go to college and get a degree and never use that degree in their job, or who walk around for ten years with college debt for a degree that didn't really help them that much...not the children of wealthy families who decide to punk out on Harvard and try to sell software...

    1. Re:We keep forgetting... by Anonymous Coward · · Score: 0

      We keep forgetting that a lot of these 'college dropouts' who went on to become successful CEO's came from wealthy families and had their business venture not worked out, they'd have gone back to college and then laid around enjoying their trust funds for the rest of their lives.

      The vast majority of millionaires in America are first generation wealth.

  95. Re:And... by Cute+Fuzzy+Bunny · · Score: 3, Insightful

    Nah, we're not posting this from a cave because the cave didn't impress women, so we built houses with electricity in them and running water.

    Absolutely everything on earth came about because of pussy. If there were no pussy, we would be sitting in caves gnawing on raw meat.

  96. degrees = LOL by Anonymous Coward · · Score: 0

    yep they have all those degrees and they are still dumb fucks!

  97. Re:And... by Man+On+Pink+Corner · · Score: 1

    This is what's known as "violent agreement."

  98. Degrees by Anonymous Coward · · Score: 0

    Sounds like someone is trying to justify spending a lot of money for a piece of paper
    or someone is trying to enforce in us why we should go to school and be in debt for our entire lives
    for a worthless piece of paper.
    Yea I have a degree; I can be trained as easily as a seal bouncing a ball on its nose.

  99. That's right by Voogru · · Score: 1

    Don't drop out of college kids, get into massive amounts of debt being forced to pay for classes you have zero interest in and pay through the nose for books that become worthless in a year.

    Because then you'll really be able to start a business after your $30,000-$200,000 in the hole.

  100. Re:And... by Anonymous Coward · · Score: 0

    hello, this is how this system works, against human compassion
    The hell with the world, give me more money.

  101. Re:And... by shiftless · · Score: 1

    When society starts punishing success grounded in inherently (if unintentionally) exploitative practices and products, we will solve some real problems.

    You live in a naive fantasy world.

    Who defines "exploitative"?

  102. Re:And... by Cute+Fuzzy+Bunny · · Score: 3, Insightful

    To be fair, we'd have probably invented beer without pussy. But we may have invented it sooner so as to engage the really fat cave girls.

  103. Re:And... by shiftless · · Score: 2, Insightful

    It's great to be comfortable or a rebel and all, but the way humans (and computers) interact seamlessly is through standards. Clothing may seem trivial to you, but dressing for business is a statement that you are there *for* business.

    Fuck your standards.

    Clothing IS trivial. Only meatheads obsess over what people wear.

    You can still be there for business if you wear a hoodie, but it becomes open to interpretation, just as Zuck's choice of apparel was.

    Only a dumbass would have such an interpretation. All the smart people in the room were focused on what was actually important: the gigantic Facebook IPO.

    That lack of clarity can ruffle feathers and be enough to make a difficult negotiation impossible.

    Why would you want to negotiate with a moron? There are lots of billionaires in the world. Why would you want a moron as your investor?

    Sometimes, that sort of clash is a statement, and as such, may be a good idea, but it comes with a risk.

    Only for cowards. Leaders aren't "risking" a goddamn thing, because they are the ones who set the example.

    One way or the other, anyone who expects their bits to arrive in an expected manner, but rails against people who arrive dressed in an expected manner isn't considering the value of convention to efficient and clear communication.

    And what the fuck are you trying to "communicate" exactly, through your fancy suit? That you paid a lot of money for it? That you have a tailor? That you are willing to cow down and blend in the crowd and be just like all the other lemmings, when you aren't and don't want to be?

  104. Re:And... by ubrgeek · · Score: 1

    > be a selfish, backstabbing cunt with no conscience! That's what we want! That's what we select.

    Drop the "s" and it's sadly still true.

    --
    Bark less. Wag more.
  105. Re:And... by shiftless · · Score: 1

    The only people who wear polo shirts are unimaginative guys who want to look like everyone else.

    If you aren't going to come up with something more creative and unique, just stick with what you love: t-shirts. That's what I do. I am not sacrificing my own comfort just to make anonymous morons in society feel more comfortable in their own skin.

  106. Re:And... by shiftless · · Score: 0

    I'm also perfectly within my right to make judgements based on what you do.

    What makes you think I care about what you or anyone other random twit in a business suit thinks?

    Deflate your ego down just a hair, please.

  107. Re:And... by Anonymous Coward · · Score: 0

    Now, now, Mr. Winklevoss, you need to move on.

  108. Re:And... by nighthawk243 · · Score: 1

    Most people do. If you walk into a dealership wearing jeans and a t-shirt, they're probably not going to really give you the time of day. If you walk in with a well tailored suit, then you're going to get much more attention.

  109. It depends on the degree and motivation to succeed by Anonymous Coward · · Score: 0

    If you get an MS in CE, EE, or CS and you worked hard as a Research Assistant and did well at your internship, you will find a good job even in this economy. Lots of people whine that they have no job prospects after thier degree, but they have not tried hard enough and were not willing to sacrifice enough to make it happen. Furthermore, if you have to pay a cent for your masters degree, you really had no business being a masters student in the first place. With the exception of Law, any school that wants you should pay your way in the form of an research assistant-ship. I work at a middle of the road university and most of our masters students are fully funded. They also have had a near 100% placement rate over the last few years. The "do you want fries with that" lawyers and phds are generally people that did not do what they were suppose to do while in school.

  110. Everyone who won the lottery bought a ticket! by Anonymous Coward · · Score: 0

    Everyone who won the lottery bought a ticket!

    That doesn't mean that buying lottery tickets are a good idea - especially when they cost $50K and take 5 years on average.

    The reality is that the vast majority of degree holders in the US will never be a highly paid CEO and those that are mostly likely started their own business.

    The majority of new degree holders are now unemployed or severely underemployed.

    Half of them have to move back in with their parents.

    If you had $50K and 5 years to do over again, wouldn't it be better to start a business?

  111. Is it college that helps? by Anonymous Coward · · Score: 0

    Yes many people who are heading these companies have graduated, and obviously have more content knowledge than those who do not, but only more than those who drop out and stop learning. I believe that if people instead drop out and continue learning they will be just as successful, if not more so, than those who stay in college.

  112. pathetic, overplayed cliches by luis_a_espinal · · Score: 0

    How to be rich and successful in corporate America: be a selfish, backstabbing cunt with no conscience!

    Err, Warren Buffett? Sergey Brin? Jeff Bezos? Bill Hewlett? David Packard? Steve Wozniak?

    I know some of you goddamned ./ dorks like to cliche the fuck out of things with cheap generalizations for shits and giggles, but c'mon. Even by /. lowbrow geek-wannabe standards, this is pretty pathetic.

  113. vast majority good? by bronney · · Score: 1

    the vast majority of CEOs running successful U.S. high-tech firms have college degrees, and more than half have at least one graduate degree.

    And by doing exactly what every one else is doing, you become the "vast majority". Golf clap.

  114. Re:And... by datavirtue · · Score: 1

    Zuck doesn't run shit. I thought he was a dynamic confident person until I saw him in an interview. It is unbelievable that the Wall Street goons let him remain as CEO when they forced Page to step aside as CEO because he had never run a international company. Not hatin' on Zuck, it is just that he doesn't radiate "leader." The fact that Facebook doesn't have a payment system to effortlessly transfer money between members (therefore smashing Paypal's stinky ass) is a sure sign of dysfunction. If I was an investor I would be bombing them with letters wondering where the integrated payment system is.

    --
    I object to power without constructive purpose. --Spock
  115. Re:And... by datavirtue · · Score: 0

    No, we would have invented is sooner to engage the skinny cave girls. This anaconda don't want none....

    --
    I object to power without constructive purpose. --Spock
  116. clockwork isn't meant for everyone by Anonymous Coward · · Score: 0

    And the unique are the ones that don't give a fuck about the 9-5 shifts, or the need to go to school or work. It's a waste of time for some, and those people that have it in them, and truly know what they are doing succeed in being more human and free than most. Most humans are meant for the 9-5 job however, only 2% are intelligent enough to escape the barrier of the norm.

  117. Re:And... by datavirtue · · Score: 1

    You got it backwards. You wear nice shit to keep people uncomfortable. It is a form of intimidation, and believe it or not automatically gains you respect and power. I've been at my place of work for a year and I've been invited to consult VP's and my co-workers seek my favor....in contrast there are people who have been there for many years and no one knows who they are. Why, because they dress like shit which is indicative, with great accuracy, of their ability (ability is reflected in their dress, but remember that the opposite is true to others) and status. When I showed up, my co-workers' dress became a matter of contention because there was finally an example with which the boss could mark a standard. Some people shaped up and obviously started dressing better without being asked and others got bitched out. Except the ridicule at that point did not end with their dress but extended to other more personal things such as general professional development. Dress does matter.

    --
    I object to power without constructive purpose. --Spock
  118. Re:And... by datavirtue · · Score: 2

    Only meatheads obsess over what people wear.

    People don't obsess, they just see you and a perception automatically floods their mind. Where I work there are people who show up in shorts and gym shoes. That's cool and all but they are also on the verge of getting fired and although this dress-code is not disallowed it matters to the people who want them fired. Obviously there are other matters affecting the discontent, but the attire, as the above post mentioned, is not helping matters at all.

    --
    I object to power without constructive purpose. --Spock
  119. Loans by Compaqt · · Score: 1

    Not disagreeing with you.

    But on a small point regarding "loan with money from your depositors".

    Money isn't lent out from deposits. It's created out of thin air. It's created as a bookkeeping entry against the promise of repayment, possibly secured. A new account is created with, say, $100K.

    However, no depositor's account is debited $100K, or even $100K/[number_of_depositors]. Neither is any of the bank's own accounts debited.

    Funny when you think about it.

    --
    I'm not a lawyer, but I play one on the Internet. Blog
  120. Re:And... by Grygus · · Score: 1

    Someone who robs a bank is not a banker. Just because a person gets themselves to a high place in society does not mean that they are following the rules of society, or are even participating except to exploit the construct.

  121. Not Myth, but certainly Mythological by Rollgunner · · Score: 1

    We see lots of stories with headlines like "Nation's Millionaire College Dropouts."

    Odd that we never see "Nation's Minimum-Wage College Dropouts."

    I suppose they only have so much newsprint...

  122. Re:And... by BonzaiThePenguin · · Score: 1

    The people you listed acted like narcissists, not sociopaths. There's a huge difference between the two.

  123. Dropout, don't stay dumb by Anonymous Coward · · Score: 0

    You finish college, get over to grad school, spend 8 years writing your master thesis and meanwhile write the Linux kernel. Yes you hold on to your fortress of solitude but you end up getting blasted by the big boys who grew smart, dropped out and earn big bucks!!!

    Coming from an experience from a current grad student, dropping out, starting up and venturing should be the way to go, not getting stuck writing your thesis and hoping that you can repay the loan afterwards!!!!

  124. Re:And... by avandesande · · Score: 1

    So I guess you are applying 'clothism' with 'twits in a business suit'....

    --
    love is just extroverted narcissism
  125. Re:Also Richard Branson, Amadeo Peter Giannini, .. by tlambert · · Score: 1

    The question was "tech exec", not "any exec", or I would have been including a lot more people in the list. Plastics is tech.

  126. Re:And... by Anonymous Coward · · Score: 0

    Whatever that means.

  127. Re:And... by cavebison · · Score: 1

    Zuck: Dumb fucks.

    And yet, if he'd posted that here, he'd likely get +5 insightful.

  128. Zuckerberg by DiEx-15 · · Score: 1

    The name alone should be enough to keep people from making him a role model of anything... Unless you need a role model for underhanded scumbaggery.

  129. How come I have never heard of them by Anonymous Coward · · Score: 0

    So, Microsoft, Facebook, Apple all conjured by college drop-outs. Only big one I can think of is Google, that has guys with degrees as founders.

    3 vs 1

  130. Re:And... by shiftless · · Score: 1

    People don't obsess, they just see you and a perception automatically floods their mind.

    Let them think whatever they want. If someone thinks a business suit makes a person valuable/smart/whatever, they are a moron, and nobody should care about or lend any credence to the opinions of a moron.

  131. Re:And... by Quiet_Desperation · · Score: 1

    No, I just think the word "evil" has been devalued to nothingness by bugfuck uses like this one, little AC.

  132. Re:And... by Anonymous Coward · · Score: 0

    hire physicists to build economic models that eventually crash the economy; write laws that lead to the hiring of physicists to build models that eventually crash the economy; refuse to see the society destroying fallacies of their own ideologies despite endless empirical evidence, and, oh, so many other things.

    Geez, your universe considered some jackass offering a free and voluntary service with dubious fine print a supervillain? Let me pack my bags!

    Economic models did not crash the economy by themselves. All the banks did on the economic side (as opposed to the political side, which I agree is very evil) was offer a free and voluntary service with dubious fine print. So either doing that is evil, or it isn't. Your call, but don't try to make it evil in one case and OK in the other.

  133. Re:And... by Anonymous Coward · · Score: 0

    Except communications protocols should not require you to spend $1000 and voluntarily put on a ridiculous mobility-impairing device just to transmit a one-bit flag of data.