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Message: <blockquote data-quote="Delta" data-source="post: 4136122" data-attributes="member: 40269">Companies make bad decisions all the time. Executives are not always the best positioned -- or properly incented -- to identify what's best for their company long-term. For example, most mutual funds go bankrupt. Or consider the current mortgage crisis (initiated by leaders of multi-billion dollar banks and investment companies).In this case, the current leaders of WOTC actually aren't studied in this specific sector. They come from toy or other entertainment sectors. And the "open evolving system" concept is a *very hard* one to grasp. A lot of sweat & tears have been shed in the software industry between people who do & do not grasp that concept.I have a friend who works at one of the largest insurance companies in the world. This past week he was at a company conference, and observed a team problem-solving exercise. One of the 8-person teams had all upper-level executives, and they were completely unable to solve the puzzle given to them (my friend watched them argue for 30 minutes about who was team leader). One of the 8-person teams had all low-level help staff, and solved it in under 1 minute.Will this company be going out of business any time soon? Absolutely not. They're in an immensely profitable sector, and even the worst decisions by management can't stop the money from rolling in profitably. But they're still not making decisions which are best, because the company is terribly wasteful (just not so wasteful as to be unprofitable). That's been my experience in every company I've seen that's no longer run by the founder of said company. So for it be different at WOTC would actually be a notable exception, not par-for-the-course.</blockquote>

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