I remember this story but I can't remember the specifics and my queries to google have maximum SEO keywords. So if someone remembers and can fill in my blanks please and thank you.

There was this CEO who was brought onto a failing US retail company. His big idea to save the company was to foster internal competition. His logic was if the free market was the most efficient way to structure a society then doing that internally in a company would make it more efficient. The company cratered for entirely predictable reasons.

Who was the CEO who was the company? Am I completely making this up?

  • EmmaGoldman [she/her, comrade/them]M
    ·
    2 years ago

    So many companies do that shit where they make every employee compete for their own job based on some nonsense metrics. It's a genuinely awful idea and it fucks things up every single time, because even if your entire team is the best and brightest on the planet, one of you will perform worse than the others and get fired for it.