| ▲ | pwillia7 2 days ago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
I wonder if this is related to the agency problem[1] and the rise of short-sightedness from the ruling class. If you're just trying to make as much money as possible this quarter and have no real care about building long-term value, why wouldn't you put agents in that mercilessly generate money at the expense of things like your brand and people? I also wonder how many of the authors of the piece are at public vs private companies. 1: https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | phantasmish 2 days ago | parent | next [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Professional Managerial Class (college -> management being the norm) gained a lot of steam in the '80s and had basically taken over the entire economy by the end of the '90s. My dad's career spanned the pre- and post-transition eras, with the latter coming as a very sudden shift due to a large merger. His description of the difference was... not flattering to the modern notion. Way, way more wasted time. Way more business trips that could have been an email (but how would the managers get to go party away from the family otherwise?). Lots more clueless management who don't understand WTF the business actually does or how any of it works, resulting in braindead leadership. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▲ | alephnerd 2 days ago | parent | prev [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
It is a variation of the principal-agent problem, and recognizing had helped me climb up the ladder in my career. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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