Daily reminder that overall decline is indeed slower in Asia.https://twitter.com/business/status/1038022875670892544 …
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I'd agree. I didn't understand the sentence or meaning initially, sans the context, there. However, not-having an "old boys club" in a boardroom I feel is a good thing for everyone. If you want an executive club, don't be a public company.
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If people want to buy their stock, it’s their business to sell it. If packing the board with the founder’s friends doesn’t lower share value, better for them. That said, “old boys club” is prog media-speech for “place without leftist women”.
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Yeah, I agree, somewhat. However, while packing a business full of your friends into elite positions might sound dank (if it’s YOUR business), for everyone else, it kind of sucks. Nepotism & discrimination aren’t great, esp. when combined.
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That’s what the free market is for. If you don’t like your company’s nepotism, you can look for another, or start your own.
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Neat utopian ideology, not how the majority of the world works anywhere sans maybe some pockets of anarchistic wasteland in Western Africa, &, I suppose, China (but China is mad corrupt everywhere). -
Wait a minute. I’m no libertarian, but private companies in the real world do vary in the degree of internal nepotism, and you can very much change jobs. Flexibility may vary according to your industry but it happens all the time.
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They have degrees of everything. Sure. No system is perfect. But, society still seeks to better perfect systems towards collective benefits. Society doesn't tolerate private companies from doing lots of things. I don't see why corporate nepotism is suddenly off-limits. lol
End of conversation
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