I can definitely attest to 50 person bureaucratic companies, having worked in several. I think this comes down to (as Guy Kawasaki puts it) a Bozo Explosion.

I can definitely attest to 50 person bureaucratic companies, having worked in several. I think this comes down to (as Guy Kawasaki puts it) a Bozo Explosion. Hire bad people, those people hire bad people and the politics get bad quickly.