2 ms·
"I think most of us are happy to believe that most companies simply have bad leadership" I don't believe this for a second. I don't know if this makes me the
by fsloth 4mo ago
"I think most of us are happy to believe that most companies simply have bad leadership"
I don't believe this for a second.
I don't know if this makes me the minority or not though!
It trivializes forces influencing large public companies.
Yes - there can be good and bad leadership - and bad leadership is just bad.
But good leadership can be totally helpless in a public company.
Not recognizing this is a huge gap.
The other forces that incluence a company:
- Board
- Shareholders (via board)
- Banks. Lots of companies have loans. The banks generally have the companies by the balls and can dictate many things when things go south - either due to leaderhip or just prevailing market winds
As an example of shareholder/board direct and rapid influence: an activist purchases shares. Installs board member. Causes rapid change in one or more aspects of business structure or strategy to support _their_ portfolio strategy (of course aligned with interests of other shareholders).
etc.
- mattcwilson 4mo agoI think you’re right, however, I think the person you’re replying to may also. And is shorthanding “everyone without direct experience of the influential power of market forces” into “most of us.” I think it’s fair to say that the fact that more or most people _don’t_ understand that and _do_ think it’s “all just leadership” explains much of the sentiment about capitalism generally.
- drumdance 4mo agoAnd government in general. Populist demagogues capitalize on the misperception that one man can just make all the "easy" fixes. DOGE was a good example of that.