4 ms·

No, he's right on because of power laws. Sure, some corps will be run really well, but most corps will be mediocre.

• pixelatedindex 2y ago
  Power laws? Could you please elaborate? I’m curious.
  • bluepizza 2y ago
    Managers only hire and reward based on loyalty and threats in these highly political environments. It is very common to see a decent director with very weak managers under him, to ensure that nobody is a threat to his position. Mediocre corporations work in a very different way from results oriented high performance companies. In mediocre places, games of power rule the place, even if it doesn't make sense economically.
    • charlie0 2y ago
      Different definition of power law, but still very applicable to this case.
  • charlie0 2y ago
    On any given dimension, everyone/everything cannot possibly be above average. If you take competence, most companies will be mediocre. At best you have a bell curve, at worst it's an exponential curve with only a very small amount of high competence.