Yes, I was just thinking that yesterday . It's like buses - the all come at once . Many of the people at the top get there , I believe, by playing the corporate system well and surviving. Howver, they have not got that all important personal grip that flows thru the organisation and its management. You could argue that in any organisation the size of a FTSE global company something is bound to go wrong. Perhaps so. Is it easier to avoid/ solve biggies like this if the CEO is a company man who worked with them for 20 years and has company blood in his veins ? I reckon a career CEO just cannot do the same as a home grown man. Anybody fancy undertaking a study ?
... the banks worked better when the bosses started on the counter and worked their way up through every department, learning exactly how the bank worked.
When you get the likes of Bob Diamond parachuted in at the top, and tiers of parachuted in underlings in the top echelons, you have a bank governed by a team where none actually know how the bank works from the roots up! The same would apply to any organisation.
So why is nobody else talking about this flawed culture ? Where are all the business gurus and their expertise ?
... getting parachuted in to top jobs they know squat about!
They know how to land well. The PR hype of a new face is part of the problem. It becomes about the CEO not the company . The ego rather than the economics.
I've been blogging on my website www.formationsdirect.com for some time with my non-PC view of the world of economics,business and other stuff. If you like to read the views of somebody who doesn't "toe the party line" you've come to the right place. Government cock-ups, financial turmoil , business scandals and people's behaviour - I've got something to say about it , whether you like it or not.
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well in a matter of months 1 thanks
we seem to have uncovered a vast number of incompetent execs at the top of the tree - crossing from the police service. newpaper group, football, banking and security......all have one thing in common, the front to accept the big pay packets but with a wish to take none of the responsibility,
There was a time, long ago...when a leader...well would lead....from the front.