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APETI - Asociación Profesional Española de Traductores e Intérpretes - Founded in 1954, APETI stands for the Spanish Professional Association of Translators and Interpreters; it is a professional body of translators and interpreters in Spain and it’s one of the first of its kind. It’s mostly pension funds. We have some very exciting startups that do very exciting things, but we do not have a lot of solid spin offs, where people start their own thing. And index trackers, if you look at who are the actual shareholders of big companies, they are all big pension funds, and they don’t really care. And those reports got read by the pension funds, and then the pension funds, told all the telecommunications companies look, if you’re still doing stuff yourself, we’re going to stop investing in you. One of the real big problems here in Europe is we do not have a lot of spin offs.

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siol.netSo there was a clear point in time when all telecommunications companies decided they had to stop being telecommunications companies and become outsourcing solicitor law firms. So we have alienated senior management by telling them one times too many that this is the stupidest idea ever, and them being wrong. Philips in the Netherlands is a proud counter example where the spin offs of Philips are now like five times as big as the Philips original company. They want the share price and dividend to go up, for now. They want the company to make money this year, they want the company to make money next year. Apart from being complex, Clio still heavily relies on email communication. Turns out employees are guided by 4 basic emotional needs or drives. Turns out that shareholders are actually very happy with that. And we fight for all technology, even the stuff that is not core because we are attached to it, we love what we do. Update: I’ve been informed that actually, this is not even what they want. So we have a bad situation where companies are turning into outsourcing giants with no actual technical expertise, and the shareholders are super happy about it.

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