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Author: warrl Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 455680  
Subject: Re: how the rich make their money Date: 1/2/2013 8:16 PM
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IMO, the bad aspect is that it used to be that the CEO came up through the ranks. Now they are professional managers of a generic company, and may not even KNOW the details of the day to day things the business does.

Something I came across one time:

It's easy to make good decisions given sufficient information.

A good manager can make good decisions given inadequate information.

A perfect manager can operate in perfect ignorance.
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