Valve understands that they owe their success to the skill of their employees and knows how precious having such a solid team is. You can’t replace that with an expensive CEO or by throwing money at the problem later on. Valve has the best among the best and wants to keep them happy and working for them. They understand that they do best when they’re not subject to corporate micromanagement, pressure or threats of layoffs. The results speak for themselves.

Tim however did that classic business move of sacrificing everything for short term gain and on the long run they’ve completely ruined what used to make the company good.