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Building a fancy corporate HQ is often a signal that management has lost touch with the core business. EDIT: I can easily make the case this has happened at Ap
by getpost 10y ago
Building a fancy corporate HQ is often a signal that management has lost touch with the core business.
EDIT: I can easily make the case this has happened at Apple. Look at their iPad lineup, for example. How do I figure out which model to buy? IIRC, this lack of focus on the product line was one of the first things Jobs addressed when he returned to the company in 1997.
This is not to say that Apple isn't one of the most successful businesses ever. It argues against bigness. When you're that successful, you can't (it seems) help but make very expensive decisions rooted in hubris and grandiosity. Imagine what could have been done instead with a $1 billion new building and $4 billion in venture capital, for example.
The US government has the same problem. The amount of wealth captured from the overall economy gives government leaders/lobbyists too much power, and we get the f-35.