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Paul Graham has written some interesting and enjoyable essays over the last few years.  Peter da Silva pointed me at his latest, where he starts off by pointing out the ways that Yahoo! failed to grab a commanding lead in the Internet game and takes a tangent into companies where hacker culture is key.  At first i was engaged with what he was saying, probably in no small part because of confirmation bias, but then it became more of a matter of him saying, "Companies with hacker culture are awesome because good hackers write good software," without actually supporting his case; the longer i examine the essay, the more it reads like selection bias and circular reasoning: "Yahoo! had no hacker culture and sucks; Google has hacker culture and rules.  Ergo, hacker culture leads to success."

What also really got me going was a paragraph that Tom Fawcett pointed out.

Probably the most impressive commitment I've heard to having a hacker-centric culture came from Mark Zuckerberg, when he spoke at Startup School in 2007. He said that in the early days Facebook made a point of hiring programmers even for jobs that would not ordinarily consist of programming, like HR and marketing.
I emailed Graham the following comment:
This is quite frankly the stupidest thing i've read in quite some time and falls right in line with Zuckerberg's hubris.  That's not a commitment to hacker culture; that's falling prey to your blind spots.  Having hackers work with HR and Marketing is a good idea; having them work in those departments is delusional.
(The excuse i gave for missing it was that my eyes glazed over once i read "Mark Zuckerberg" and "Startup School".)

There's no doubt that, when your company's product depends on the work of programmers, the vast majority of which fall culturally under the hacker umbrella, it behooves management to foster that culture in order to maximize their return from their employees.  But to go from that to implying that companies that let the inmates run the asylum reap the most benefits is at best wishful thinking and at worst foolish.

There's a second half to my response to Graham's essay which i'll write once i wake up from my nap.

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