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I guess they never bothered to read Valve's employee handbook.[0]

While Valve isn't perfect either, their system appears positively utopian when contrast with Holacracy.

Valve's is one of the systems that inspired the creator of Holocracy.

holocracy is crass attempt to trademark, obfuscated, and cash in on Valve's (and others) management style.

I didn't say otherwise.

I though it was a way to trademark and cash in on the practice of Sociocracy, which dates from the 19th century.