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"At the same time, these companies are willing to shell out huge amounts of money to paper-pushers coming up with strategic vision statements who they know perf
by sz4kerto 12y ago
"At the same time, these companies are willing to shell out huge amounts of money to paper-pushers coming up with strategic vision statements who they know perfectly well are doing absolutely nothing."
Ahh. So for some reason, private companies (or shareholders, if you like) are willing to give their money to people who they know are doing absolutely nothing. Well, I simply don't believe that.
- sheepmullet 12y agoShareholders have a lot less influence over the running of a medium-large company than you would think. In a 1000+ employee profitable company do you really think the shareholders will revolt because senior management has a few dozen worthless positions that help consolidate their power?
- kitsune_ 12y agoYou underestimate the power of bureaucracies, private and public.
- shkkmo 12y agoThere is also a difference between a) earning return on capital for investors, and b) contributing value to society. Teachers tend to be heavy on b) and light on a). Hedgefund managers tend to be heavy on a) and light on b).