Bad management is a chronic corporate illness.
And it’s an epidemic.
Bad management reproduces quickly in today’s world because in many cases (especially in public companies) performance is measured on a quarter to quarter basis and some of the fastest ways to achieve short-term goals is through fear and intimidation. And managers who use those arcane techniques are the people who get promoted faster, and more often. Not to mention that short-termism also plays well in quarterly reports. A manager that can stand up in front of the newly minted equity-asset class on mahogany-row and show their quarter goals, attainment