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View Diary: Corporate Life In The Rearview Mirror: Mergers & Hackquisitions (57 comments)

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  •  most galling (7+ / 0-)

    is the incompetence of the managers on display. my life in the corporate world has been a learning experience - and thats one of the basic lessons I learnt: a competent manager is a rare breed indeed. Worth their weight in gold. Unfortunately, most of them are incompetent. Their salaries I dont mind, but the damage they do is boundless.

    this is still not ceasing to astonish me. All the public idiotologues are yammering about how capitalism is meritocratic yet if you look inside a random large actual company you find its higher ranks filled with mediocrity at best and glaring incompetence at likeliest.

    It wont astonish you if I tell you that I have seen two large international mergers in my company :)

    •  It's incompetence by design, unfortunately (3+ / 0-)
      Recommended by:
      marsanges, llywrch, radarlady

      If managers are consumed with only one thought - their bonus - they will conduct themselves with single-minded focus, doing what's necessary to get the money. They won't do anything extra.

      At my former firm, they hired many of the middle managers from "outside". Thus, they had no love for/allegiance to our employees, and weren't bothered at having to lay them off.

      Those who do not understand history are condemned to repeat it... in summer school.

      by cassandracarolina on Wed May 15, 2013 at 01:10:31 PM PDT

      [ Parent ]

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