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A comment on Employees are happier when led by people with deep expertise. Parent comment

Re:Employees are happier when led by people with deep expertise by dv_dt on Wednesday January 25, 2017 @05:33PM (#13486908)
Focus on is maybe slightly missing the point, they may not even have the background to appreciate or imagine the possibility of value creation that is not in their area of expertise. So certain possibilities are essentially invisible to those companies. It's made worse because it's the large successful corporations that actually have the resources to fix problems that few other players can even imagine (even with venture funding....).

So those companies (and the market, and society) may miss out on fundamental exploration and expansion of real-world productivity. Perhaps, this is a contributor in the curious drop in economic productivity despite, in theory, so much availability of new technology.

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Re:Employees are happier when led by people with deep expertise by oculusthrift on Wednesday January 25, 2017 @10:11PM (#13488395)
At points during the last decade, 40 pct of profits were made by the Finance sector. And companies like GE can make a billion dollars by lobbying for tax loopholes rather than creating new products. So this seems like the type of stuff they focus on.
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Re:Employees are happier when led by people with deep expertise by dv_dt on Thursday January 26, 2017 @11:50AM (#13492920)
GE gets too sweet of a tax deal, but out of many corporations to choose as an example, I don't think my comment applies as strongly to GE. Though they do work with financial matters, they've been backing away from finance as a central profit center, and refreshing their technology core (as exemplified by their divestment of a banking asset). Recently, GE is focused make strong investments in R&D and actually have been on a bit of a binge buying up many startups with advanced manufacturing capabilities. So they seem to have a strong technical vision that they're building towards.

Disclaimer: am an individual GE stock holder so that may color my view here.

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