|
It fascinates me to hear people that haven't a clue what an executive does comment on how little they do. Sign checks indeed.
Imagine an executive that meets with his marketing people, reviews a handfull of ideas, and chooses two or three to follow up on. He then meets with the engineers and talks about what might be manufacturable. He then meets with the finance people and argues for an investment in research and development. With his vision and insight into the marketplace, he ends up with, say, the iPod. Signs checks indeed. Who do you think makes the decisions based on his vision that ends up with things like the Mustang? The clone bolting on bumpers?
And yes, many banking executives will lose options and incentive bonuses over the current crisis.
|