Comment by jadar
5 days ago
This seems needlessly dismissive. The management revolution in the 20th century built the companies that innovated and built the economic middle class. It's a common trope to hate on middle managers, and not all middle-managers are good middle-managers, but they do play an important role in organizations.
Oh, I didn't know CEOs and corporations ran on logic.
Economics often assumes rational actors, but reality shows most people who make decisions are irrational. That's not unique to CEOs or corporations.