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> Tom Peters, the management guru and co-author of “In Search of Excellence,” said that during his time as a McKinsey partner in the late 1970s, managers reject
by FabHK 8y ago
> Tom Peters, the management guru and co-author of “In Search of Excellence,” said that during his time as a McKinsey partner in the late 1970s, managers rejected the notion of having financial stakes in their clients.
> “You can’t be advising people and have a fiduciary interest in the people you’re advising,” Mr. Peters said in an interview.
That's weird, though, in a sense. Wouldn't you want the people consulting you to have a stake in your company? Wouldn't that "align incentives"? Shouldn't you pay the consultants in shares that vest over the next 5 years?