Sunday, January 14, 2007

Management insight !

This is a verbatim quote of what Shareholder activist Carl Icahn mentioned in the 'Avenue' magazine:

"I have my anti-darwinian metaphor: The CEO is the fraternity brother type who is great to have a drink with. He's a survivor and maybe not all that smart, but he works his way up the ladder in the corporation. And if you are a survivor you never have someone beneath you who is smarter than you. So you eventually work your way to CEO. You have someone a little dumber than you underneath, and eventually we will have morons running everything.. which we are getting closer to."


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