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Re: Last month, I posted a long discussion on the exodus of asset managers from Merrill.

By: capt_nemo in ROUND | Recommend this post (0)
Sun, 01 Apr 12 10:56 PM | 44 view(s)
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Msg. 40151 of 45510
(This msg. is a reply to 40150 by ribit)

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Once a company becomes "too big to fail" it becomes "too big to listen" because it don't have to.


Too big to jail as well. When they run the show,,,,,,




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: Last month, I posted a long discussion on the exodus of asset managers from Merrill.
By: ribit
in ROUND
Sun, 01 Apr 12 8:49 PM
Msg. 40150 of 45510

captain
Anytime you see a corporate management put its head in the sand, it is a bad sign for the future of that firm.

...in my brief but brilliant analysis of upper level management I found that what they prefer is to make a decision about what they want to do, and then do a study so that the blame can be spread around if it fails. Any results the study produces that indicate management is in error are disregarded and a new study is begun. Since they have decided what they are going to do before the study, this is the equivalent of firing a rifle at a huge wall and then going down and drawing the bullseye around the bullethole. Once a company becomes "too big to fail" it becomes "too big to listen" because it don't have to. Questioning their decisions becomes "heresy".


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