What happened to accounting and finance sense in business - and our government?
Has government budget mis-management and Enron become the business model of the times? Is it all about more money for "me", and a little for the business concerned?
Our public representatives and CEO's of large companies, business managers and those responsible for looking after and maintaining a strong vibrant business must be in those positions as a result of the "Peter Principle".
Government, the auto "Big Three", Banks, Savings and Loans - it doesn't make sense.
Just take more of "our" money earned through actual labor.
The Peter PrincipleSee also: Financial Success - The American Dream
It holds that in a hierarchy, members are promoted so long as they work competently. Sooner or later they are promoted to a position at which they are no longer competent (their "level of incompetence"), and there they remain. Peter's Corollary states that "in time, every post tends to be occupied by an employee who is incompetent to carry out his duties" and adds that "work is accomplished by those employees who have not yet reached their level of incompetence".
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