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The companies with the most money that have been a long time can afford to buy their competition, buy influence in government and essentially rest on their laur
by potta_coffee 8y ago
The companies with the most money that have been a long time can afford to buy their competition, buy influence in government and essentially rest on their laurels. I'd hardly call those companies the best.
- tomp 8y agoFacebook, Twitter, Netflix, Apple, Amazon, Microsoft etc seem to prove your argument wrong.
- username90 8y agoFounder CEO's who built the company up from nothing tend to be good. Non founder CEO's are often the worst kind of toxic "fake it till you make it" yes-men who just play politics. The worst part is that they will fill the entirety of upper management with people like themselves. If this didn't happen then there is no way startups could ever compete with the massive resources, domain knowledge and data of incumbents. It is correct that the economy corrects a bit against this, but the incumbent advantage is so huge that even extremely mismanaged companies can live on for decades, letting these parasites thrive, build competitive resumes and then spread to healthier companies.