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mrstickball said:

I don't disagree. CEOs have become celebrities rather than businessmen, and therefore their abilities aren't as important as they once were. You can look at some CEO's like Gates, Forbes, Zuckerberg, Jobs and Ellison and know that they've made huge impacts in business, but it wasn't just as a CEO, but a worker, a programmer, a marketer, an inventor and many other hats. But sadly, these types of people get replaced by business hacks from other industries that may not understand the intrinsic nature of their market.

I agree 100% that businesses need to hire from within. Sadly, in America, many companies simply care about your credentials than your work ethic, successes in your industry, and the impact you make in your field. The reality is that in some cases, these crappy businesses and CEOs have paid the price of reckless hiring, but many more are still doing it, and getting away with it due to favorable regulations, subsidies, and the like. But eventually, everyone will pay the piper for poor business practices.

Pardon my being cynical here, but I get a feeling sometimes the entire corporate culture is switching over to a rock star mentality, where the idea is to dangle a delusional carrot in front of people, to offer ONE position and have hundreds compete for it, with the delusional belief that you will make it to the top.  You have it  work like Hollywood, where the idea is to have people undercut one another and have a few make it, and if you can get free labor, you do it.  And you embed yourself totally and completely in the marketplace, make workers disposable, and have it so that everything is by the numbers, and make it cutthroat.  Everything then touches on what you said.  it is all by numbers, and not anyone knowing anyone or their character.  HR is run by a giant machine that resumes are dumped in, and the human touch is lost.  Throw out any degree of loyalty also in the process, and no one understanding the company as an entity.  

The CEOs you mention built the companies up from scratch, and have invested their lives in it.  The understand and know things and what it takes.  But they get replaced by a souless process that eventually has the impact that on them what happened to Atari after Bushnell sold Atari to Warner Communications.  The soul was lost in the process.

Well, I guess this goes with corporatism as the driving market force.  It isn't pre-corporate capitalism either, it is a place where owners of companies don't even have to concern about liability, just maximizing asset inflation... after all, buy low and sell high.