Sunday, February 13, 2011

On the CEO as President

Puncturing the Myth of the CEO President : Dispatches from the Culture Wars: "For starters, the president can't tell senators or representatives how to vote. When Bain Capital bought a beleaguered company, Romney and his cohorts would come in and do whatever they thought necessary to make it possible to resell the company for a huge profit in a year or two, and nobody had the power to stop them from executing their decisions. In corporate America, you follow orders or you get fired. There is no such thing as a filibuster, or a secret hold that prevents the CEO from appointing his or her own pick to a crucial position. Perhaps the single most frustrating thing that any business leader will discover very quickly after moving into the Oval Office is that on the most important issues, your power to make your will manifest is extremely limited."

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