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Quote by Hendrith Vanlon Smith Jr.

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Board Room Blitz: Mastering the Art of Corporate Governance

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Hendrith Vanlon Smith Jr.

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“There's all kinds of phantom work! Unreal values assigned to most of the jobs on Earth! The entire transnational executive class does nothing a computer couldn't do, and there are whole categories of parasitical jobs that add nothing to the system by an ecologic accounting. Advertising, stock brokerage, the whole apparatus for making money only from the manipulation of money--that is not only wasteful but corrupting, as all meaningful money values get distorted in such manipulation." She waved her hand in disgust.”

MoneyBusinessCapitalismCorruptionAdvertisingExecutivesBullshit JobsParasitism
Book:Red Mars
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“William Coyne headed research and development at 3M—the company behind Ace bandages, Post-it notes, Scotch tape, and other inventions—for over a decade. Shortly after retiring, Coyne spoke to a group of hundreds of executives about innovation at 3M and his own management style. He said he’d started at 3M as a researcher and learned firsthand how well-meaning but nosy executives who proffer too many questions and suggestions can undermine creative work. So when he became head of R&D, he was determined to allow his teams to work for long stretches, unfettered by intrusions from higher-ups. Coyne understood his colleagues’ curiosity; if successful, an R&D project could generate millions in new revenue. But he limited their interference (and his own) because, he said, “After you plant a seed in the ground, you don’t dig it up every week to see how it is doing.”

CuriosityProtectionExecutivesLeadersStaffInterferenceEmployees3mWilliam Coyne
Author:Robert I. Sutton
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