When the Mismanagerial Class Destroys Great Companies | Hacker News Reader

When the Mismanagerial Class Destroys Great Companies

palladiummag.com

19 pointsrunningmike3 comments

The extremely hamfisted attempt to put DEI initiatives on the same level as serious mismanagement by leadership and structural problems in modern corporate design as the reason for major companies failing to innovate around the world took a lot of wind from the sails of what was actually interesting, if not new, arguments.

The link to an article arguing that everything was great until the civil rights movement was also a good look into the motivations of that attempt.

He’s got a bee in his bonnet about ESG and DEI, and I think he’s quite wrong about the actual dynamic around these important principles in the continued success or incipient failures of businesses (my take: practically irrelevant to economic failure or success outcomes of businesses, because those economic outcomes are mostly tied to market factors and management capabilities independent of social missions or lack of them).

But I do think his analysis of the mechanisms and processes of management failure is on the money, at least what I’ve observed from close up.

Heh Heh Heh. I like this author:

  Each further recombination makes it politically harder for a live player to “unfuck”
  a company in the future.

They make a good case of companies needing better succession leadership than the vast majority of current offerings.

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