Umair Haque / Bubblegeneration
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Design principles for 21st century companies, markets, and economies. Foreword by Gary Hamel. Coming January 4th. Pre-order at Amazon.


 
Thursday, June 28, 2007

Why Business Sucks, Pt 1


Big companies earn, on average, too much money. They are living market imperfections - who then face little discipline from the market in how they spend it.

Forget about your friendly local two-faced CEO who's made $60 million for creating absolutely no value (or, more likely, destroying significant amounts of value - hi Terry :)

Just take a gander at the ongoing circus that is Clownco.

This capital could be so much more productively deployed. Give it to my goldfish, for example.

-- umair // 11:40 PM // 0 comments


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