Loyalty is the single most important quality in a bigCo and it works (unfortunately).
- I don't watch or care to talk sports. - I don't / won't hunt wildlife. - I don't discuss female anatomy freely.
I live in Houston, so most big employers are energy related. It is still somewhat of a good ol boy network and even though I'm now at a small company I see all 3 in equal parts quite often.
..in Texas
S_A_P's generalizations aren't fair at all.
That exec I met had a Harvard MBA, 20 years experience at his company (where he started out entry-level), extensive market knowledge/expertise, integrity, strong character, etc. Qualities that actually matter when billions of dollars are on the line.
Not sure why I even bothered to chime in.
While this was true in your circumstances, and some degree of loyalty and commitment are important, I don't agree that they are "more valueable" in general. For example for technical jobs, not everyone can learn them (or at least be good at them). It seems important to have people in the right places, that have already some vision and experience in their area.
It was interesting over the years, though, to see what happened. That particular employer was a great believer that anyone can learn anything, and she was incredibly patient with some people who really were not gifted at all in their area of work.
Above all she valued loyalty (and in key areas, such as finance, she preferred absolute stupidity). I learned a lot from her. I saw that most of the clever people who were around left, often when they were most needed, whereas the slower, more loyal people were still there getting the job done. I also learned that loyalty and commitment are more valuable than brilliance. I saw that she liked stupid people in sensitive areas because then they couldn't mess up in any serious way. They made lots of small mistakes but they didn't have the ability to make big mistakes and they always asked whenever they didn't understand what they were doing.
Personally I think there is a balance here. I would find it hard to go as far as she did, but it certainly caused me to look at people decisions in a different way, which I would never have come up with if I hadn't seen her in action.