On Fri, Jan 30, 2015 'Chris de Morsella' via Everything List < everything-list@googlegroups.com> wrote:
> > You are aware of just how many corporations have been driven into > bankruptcy by incompetent arrogant executive management? That is in complete agreement with Sturgeon's Law: Ninety percent of everything is crap. > Management that WAS NOT removed in those cases If things have gotten so bad that the corporation must file for bankruptcy then it really doesn't matter very much who's in management because the courts are making the important decisions. In 1997 Apple was loosing money so fast it could only operate for another 90 days and then it would have no choice but to file for bankruptcy, but instead management WAS removed and Steve Jobs stepped in as CEO. Today Apple is the most valuable company in the world. > and modern history is littered with the carcasses of failed corporations, > most driven under by competitors, but many destroyed by incompetent and > even criminal executive leadership. That's true and that's why competence and moral executive leadership are attributes that have a positive survival value for corporations in business culture, unfortunately that is not true for government in political culture. Compared to what Stalin and Hitler and Mao Zedong did John D Rockefeller on his worst day was no more than naughty. > the prevailing present practice in the global oligopoly where too big to > fail is the principle guarantor of survival. Unfortunately sometimes that can happen but usually it does not. Look at the corporate giants of 35 years ago; A&P was by far the largest retailer on planet earth, today I think they still exist someplace but I wouldn't swear to it. Where is Eastern Airlines or Pan American or Control Data or RCA or Studebaker or Packard or Woolworth or Polaroid? It sounds ridiculous now, but just a few years ago many said that IBM should be prevented from entering the PC market because it would completely dominate it, they said the same thing about ATT. Then they said Microsoft should be broken up because it was about to take over the world. Many of the giants of today like Apple, Amgen, Google, Oracle, Wal-Mart, Amazon, Intel, Dell, and Cisco were tiny or non existent 35 years ago. John K Clark -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
