3 ms·
> Because people in corporations don't have the incentive to benefit the business but to progress their careers AKA the principal-agent problem: https://en.w
by wwweston 6y ago
> Because people in corporations don't have the incentive to benefit the business but to progress their careers
AKA the principal-agent problem:
https://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...
- natmaka 6y agoPutt's Law and Pournelle's iron law of bureaucracy also have pertinent (disastrous) effects. In the public sector they are even worse. https://en.wikipedia.org/wiki/Putt%27s_Law_and_the_Successful_Technocrat https://en.wikipedia.org/wiki/Putt%27s_Law_and_the_Successfu... https://en.wikipedia.org/wiki/Jerry_Pournelle#Pournelle's_iron_law_of_bureaucracy https://en.wikipedia.org/wiki/Jerry_Pournelle#Pournelle's_ir...