Meritocracy

An organisation – company, party, club etc – is as good as the people in it. But what they don’t teach you at IIM Hogwarts is that the people in the organisation – company, party, club etc – are as good as its organisational functioning allows them to be. The…

Joey Garrison USA TODAYPublished 1:36 PM EDT Mar 11, 2020BOSTON – One year ago Thursday, FBI agents raided million-dollar homes belonging to a who's-who among the rich and elite, in some cases entering mansions early in the morning with guns drawn. They arrested major financial investors, real estate developers, CEOs, a partner of an international law firm, a Napa…

"It's very important that women keep upgrading themselves," Nupur Kulshrestha saidNew Delhi: Nupur Kulshrestha becomes the first woman to be promoted as DIG of Indian Coast Guard.Feeling elated, she thanked the service for considering her meritocracy and taking women ahead."I joined the service in 1999 and became the first woman…

Politics is not a meritocracy. Of that we are reminded every time the president of the United States opens his mouth or Twitter feed. But, dammit, Elizabeth Warren is brilliant. She is strategic and tough. One can envision her stepping smartly into a crisis. One can picture her signing a…

Congratulations to Porivil Sorrens for the single whiniest, least useful comment in this entire thread. Your #65 is a masterpiece of froth, a true subtlety, engaging with literally none of the other participants in this thread. Is it outstanding in the field in a very true sense. ========== @kome, #66:…

Redistributionism, antitrust, and education are just Band-Aids promoted by a disconnected managerial elite.Workers leaving Pennsylvania shipyards, Beaumont, Texas, 1943. (Library of Congress)The implicit theory of technocratic neoliberalism is that the U.S. and other Western societies at this point are essentially classless societies in which the only significant barriers involve race…

SAN FRANCISCO, CALIFORNIA - MARCH 05: Stephen Curry #30 of the Golden State Warriors warms up ... before their game against the Toronto Raptors at Chase Center on March 05, 2020 in San Francisco, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this…

IN HIS AUTOBIOGRAPHY, published soon after retiring from GE in 2001, Jack Welch explained the challenge he had faced when taking over as chairman and chief executive of the iconic American company 20 years earlier. The firm had grown top-heavy and sclerotic. Some divisions had not posted profits in over…

After Joe Biden’s big Super Tuesday wins, it’s obvious that he’s the Democratic frontrunner. And all of a sudden, Republicans are talking about Hunter Biden and Ukraine again — with Senate Homeland Security Chair Ron Johnson (R-WI) telling reporters on Wednesday that he plans to issue some kind of report…

Family businesses are a cornerstone of the global economy, representing an estimated 70% to 90% of the global GDP and 50% to 80% of jobs in the majority of countries worldwide. If you look in the United States alone, you will find 5.5 million family businesses, and you will also…