Could Citigroup Be Any More Dysfunctional? [View article]
This makes perfect business sense. When a company begins it has outstanding leadership. Then, as it ages, people are promoted that are not a "threat" to those higher up the ladder via flattery, etc. Productive employees are left under a glass ceiling. Why rock the boat by removing an expert loan officer through promotion? As middle managers are promoted, backed by good numbers from the productive self-starters, they begin to rot out the core management. They avoid "exposure" by promoting a patsy(take-one-for-the... underneath them. The "productive people have messy desks" theory comes into play also. Sadly, the "Office Space" parody reaches all areas of business from solid waste to coffee shops. This critical mass paves the way for opportunity and new companies. It is hard to say but more often than not, an honest work ethic leads you to a dead end.
Could Citigroup Be Any More Dysfunctional? [View article]