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January 27, 2011

Obama Seen as the CEO of a Failing Company

What do those CEOs do?
They spend a lot of time talking about their company's proud history, even if that history only stretches back a few years. They lavish extravagant praise on their awesome, dedicated workforce. And they deftly avoid talking about the big problems, for which they have no solutions, by talking about strategic areas for potential growth ("green jobs"), and going over a laundry list of new initiatives that do nothing to solve any of the core problems. I once listened to the head of a biotech company which was burning cash every quarter, had no good research prospects in the pipeline, and had already capitalized (i.e. sold) the income streams from their existing intellectual property. Despite the fact that this was obviously patently insane, he spent quite a lot of time detailing his plans for the future of the company. -- The President as Micromanager - Megan McArdle - Business - The Atlantic

Posted by Vanderleun at January 27, 2011 5:43 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

In other words, he didn't say a damn thing.

Posted by: Cilla Mitchell, Galveston Texas at January 28, 2011 4:07 AM

OMG. It sounds like she described MY boss!

I must start stocking and caulking my lifeboat.

Posted by: Don Rodrigo at January 28, 2011 9:51 AM

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