posted on Feb, 22 2010 @ 08:16 AM
Large corporations hire CEOs due to the specific family lineage they inherited when they were born. These people did not grow up like the rest of us,
and their value to a corporation is not the same as someone who actually does a job that requires skills or a good resume. These people have family
and historical ties to other CEOs who run large corporations that the hiring company wants to partner with at some level. Approaching these
partnerships with the proper representative at the helm is the only way that these elite tier partnerships and alliances can be formed.
I bring this up in this thread to illustrate that there is an American aristocracy, and its landed gentry are the CEOs and CFOs of the largest
American corporations, as well as the intimate partnering business groups that control them. The sector that is most inhabited by these
separated-from-the-herd individuals is the banking sector, since moving money is the fastest profit, least skilled profession - certainly compared to
managing a large manufacturing enterprise. These bankers have no idea what a guy with a bulldozer as trying to tell them when he destroys his house.
Maybe the local bank manager does, but not the bosses at the highest level. These people are simply unlike normal people, and this difference in
lineage and inherent "breeding" is why they are the bosses.
In America, the average hard-working, capable individual can only rise to a certain level in a company. Even if s/he starts that company, that company
can't get to a certain level of market prominence before the reins must be handed over to "professional management". What "professional
management" means is that one of the scions of America's aristocracy must be in place or the company cannot join the ranks of the larger
corporations. There are a few exceptions, but these are companies (like Microsoft and Apple) whose products have been so successful that they've
survived and thrived in spite of the corporate governance, and not because of that governance.
It'll take a full frontal assault of Wall Street to even get these people to suspect that there's a problem, so don't be surprised if nothing
changes. These are the classic "let them eat cake" aristocratic elites, and they just don't think like the rest of us.