Let's say you are a stock-holder in GM. You vote your shares. You take your profits and suffer your losses. You elect a Board of Directors. The Board hires a CEO, reviews his performance and makes decisions on company policy. The elected Board is vested in profit and loss, has fiduciary responsiblity to the shareholders, and makes evaluations of the CEO. They express support for him, choosing to dance with the girl who brung 'em to this prom.
Now, without vote or ownership or shareholding or profit-motive, we've got this:
Carpe Authoritas
This is nothing short of dictatorial. It is autocratic. It is unconstitutional. It will become common-place.
Now, the one little catch I see in this thing, and it won't register for more than a couple of dozen folks across the country is the replacement. He's a fellow named Ken Kresa. He's the former CEO of Northrop-Grumman. He was the CEO when I worked for Northrop. This sort of a palace coup has his signature all over it. At least in my long-distance estimation.
1 comment:
Indeed, there is a great lack of data about the man taking over at the "kings" behest.
It may be time for a whiteboard to track all these movements. It ought to lead to the puppetmaster - which is most assuredly not that stand-in.
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