Innovation is unheard of in the high echelons of American companies. and it is not innovation we lack as a country, its intestinal fortitude of our overpaid underachieving business tycoons running the show.
Its very(prenominal)ly quite simple. If Joe ruffle up gets it in his contract that no matter how the company f bes with him at the helm, what incentive does Joe Blow have for the company to do rise up (anybody heard of the term golden parachute?). That has become the post quo. All of the rewards with no responsibility to go with it. The responsibility is instead put upon the factory worker, the janitor, the assembly line folks....anybody except where the real responsibility lies. The board of directors and the senior management teams.
The U.S. car companies were very well aware in the 70s and 80s that the 4 cylinder railway locomotive cars would do well.
They chose to not retool because it would require money up front and cut into their profits. So, the majority stock holders said, lets make as much as we can with these companies, and when they are falling behind, well easy sell our shares and reinvest in the competition. Due to inside knowledge that the companies are doomed to fail, these oligarchs profitedt from selling what appeared to be blue chip stocks and wherefore turned around and took that money and invested it back into the competition which flattened the company they once invested in...insider trading at its best folks.If you demand to get a full essay, order it on our website: Orderessay
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