As many commenters have pointed out, a lot of that wealth will disappear into the grubby hands of private-equity-owned assisted living facilities and nursing homes.
Hopefully that EVP feels embarrassed that a big bet was made that not only didn't pay off but left the company in a worse position. Some schadenfreude may be all you can expect, since this is an executive.
"Monopoly abuse"? Apple Pay was a huge leap forward in preventing credit card info theft, to the point that I only buy gas at stations that use Apple Pay to avoid having my bank account emptied by someone running a pump skimmer.
Apparently not. This is the most perfect example I've seen of "I can recite it, but I don't understand it so I don't know if it's really right or not" that I've seen in a while.
I don't get offended. I've built software for my entire (43+ year) career and call myself a software developer (and back in the day a computer programmer) and I have never worked in a place where they treated it like actual engineering but have worked in plenty of places that had the "never enough time to do it right but plenty of time to do it over" attitude
Depends on the app and how it's built. There are ways to architect native mobile apps that give a lot of flexibility, and there are even ways to build both the native and web apps that help with information architecture and UX consistency but you have to design them with that in mind.