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mezzie2 | 1 year ago
If you're very high up in a giant organization and the business fails, you have the network to land somewhere else - the COO of a 10,000+ employee company is not going to end up penniless working at Walmart. In an organization of that size, responsibility is so diffuse you just blame it on other people/departments/etc. and parachute away.
If you're a worker bee in an organization of that size, whether the business succeeds or fails doesn't have much correlation with your job security or performance.
I'd agree in a vacuum that in a capitalist society that would be a major difference, but post 2008, business leaders are well aware that the appetite for letting large businesses fail is not there. We'd lose too many jobs/the economic hit would be too large, and we'd rather prop up bad businesses to keep people employed than help low-level employees after their leaders run their businesses into the ground.
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