You missed the point of hiring PhDs. You don't usually need them unless you are on the literal bleeding edge of a very minute subfield-of-a-subfield.
You hire PhDs as a value signal. "We have 6 PhDs from ivies working on solving X, Y, and Z". It doesn't even matter what X, Y, and Z are. People will THROW, THROW money at you.
The only PhDs who, by my estimation, enjoy themselves are in their late 60s to mid 70s, have had tenure for 25+ years, and just do whatever they want in the fields they enjoy. It's equivalent to earning something like an Engineer in Research position. The utility you bring to industry as a PhD is almost nothing - except those 3 letters. Who would've thought 3 letters could net you so much damn money from stupid investors.
You hire PhDs as a value signal. "We have 6 PhDs from ivies working on solving X, Y, and Z". It doesn't even matter what X, Y, and Z are. People will THROW, THROW money at you.
The only PhDs who, by my estimation, enjoy themselves are in their late 60s to mid 70s, have had tenure for 25+ years, and just do whatever they want in the fields they enjoy. It's equivalent to earning something like an Engineer in Research position. The utility you bring to industry as a PhD is almost nothing - except those 3 letters. Who would've thought 3 letters could net you so much damn money from stupid investors.