3 ms·
There is principal-agent problems in a lot of companies. CEOs want to run bigger companies, even if it's not best for shareholders. Managers want to run large
by mathattack 13y ago
There is principal-agent problems in a lot of companies.
CEOs want to run bigger companies, even if it's not best for shareholders.
Managers want to run large mini-empires, even if it's not best for the corporation.
Engineers like to use the latest tools, even when they're not best for the problems at hand.
Solving this requires well respected leadership that knows enough about the details, and which battles are worth fighting.