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I've never seen this to be true in any of the mature, publicly traded companies that I have worked at. It also seems like poor corporate governance to let someo
by cyb_ 5y ago
I've never seen this to be true in any of the mature, publicly traded companies that I have worked at. It also seems like poor corporate governance to let someone spend millions without proper review. Consider the opportunities for fraud, waste, embezzlement, scams, etc.
- rightbyte 5y agoHow would making decisions by committees lead to more scams or fraud then one man decisions?
- lifeisstillgood 5y agoI am not sure I understand. At mature public companies there are people with sign off on millions and often billions of spend. Choice between this supplier or that? Between a factory in Vietnam or Ohio? 100 Million on the nose and his / her signature is the final decision. There is obviously auditors to catch the worst corruption and a process as to how a decision gets made (usually with an eye on the auditors) but yes. It's that person who makes the call. Do they do it on a whim ? Unlikely but do they also give a monkeys what the devlead on the third floor thinks?
- lifeisstillgood 5y agoOn the corruption front ... hell yes! Ok there is rarely the envelope of tenners dropped on the desk, but tell me, if the SVP with millions to spend on a supplier happens to serve on the board of the Gotham Orphanage alongside the CEO of a major supplier, is that corruption ? What about the understanding they have of "working together in the future"? And the nice directorship waiting on the suppliers board ? We live in a world where Air Force Generals join boards of air plane manufacturers, so a quiet understanding between suppliers and buyers will easily pass muster. Is it corruption ?