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How many of us could name the current or former Walgreens CEO? I've seen a certain mentality in people, including managers in the more "boring" companies in ou

How many of us could name the current or former Walgreens CEO? I've seen a certain mentality in people, including managers in the more "boring" companies in our economy. Silicon Valey companies are glamorous. There's a certain star mentality about it. Silicon Valley is in the news, the founders are rock stars. I think the management of "boring" companies is as star struck as the rest of us are. They shouldn't be- they run huge companies employing many people, doing complex things and making profits. In this case, the star power blinded them and they'll pay a large price.

adw 10y ago
Stefano Pessina. One of the most impressive European entrepreneurs. And he's CEO because the pre-existing management, who got them into this mess, were terrible.
- oneloop 10y ago
  Out of interest, what is it that you do in your life that you're informed about such unusual knowledge?
  - rjsw 10y ago
    The Walgreens Boots Alliance group have been in the news recently because of accusations of charging for unnecessary drug reviews for customers by the Boots part.
  - adw 10y ago
    Professionally I'm a data scientist, but vocationally I'm interested in how the world works, and "real industry" is an important part of that. Also, I'm British, and the Alliance Boots deal was big news.
    - oneloop 10y ago
      Are you in London?
godzillabrennus 10y ago
These big companies have good reason to be afraid. They fall from grace faster and faster all the time. Look at the turnover in the Fortune 500: http://www.wired.com/2012/06/fortune-500-turnover-and-its-meaning/ http://www.wired.com/2012/06/fortune-500-turnover-and-its-me...