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> Wrong decisions are never made, they're always justified by current circumstances or hypothetical future circumstances. There are plenty of examples of manag
by logifail 4y ago
> Wrong decisions are never made, they're always justified by current circumstances or hypothetical future circumstances.
There are plenty of examples of managers who are simply bad at making good decisions.
Full disclosure: I've worked for a few.
At one company, two consecutive CEOs took the company from turning a fairly healthy profit into voluntary liquidation in a handful of years. The first one quit after a fractious meeting with shareholders, and was replaced with the second, who wasn't any better. I jumped shortly before the liquidation was announced, it came as a complete shock to most of the rest of the staff.
My view is that it's sophistry trying to claim all poor decisions were somehow justified at the time. Some people - including managers - are just inept!
- jjeaff 4y agoIneptitude is high on the list. But I would put misaligned incentives pretty high on the list of reasons too. So many executives make decisions that make sense for their bottom line but that may not be good for the company and shareholders long-term. Same goes for the directors. Who cares if you create a long lasting, stable company when you could just win the lottery now, cash out and move on to another conquest.
- deleted 4y ago[deleted]
- thrashh 4y agoI still think it’s mostly ineptitude. Hiring a bunch of people only to fire them isn’t gaining you anything. People are still on a bell curve and most executives are somewhere in the “very average” area, like me and most people. And 50% of people are worse than average.