DXRick :
Gone are the days when the CEO actually knows what the workers actually do, by having done it themselves.
As if a CEO from Ford can run a software company. What happens is they bring in their group of friends to fill the positions below them. Their friends hire their friends, and so on. Eventually, the company is run by a bunch of nitwits and the employees no longer see any upward mobility.
I have experienced this with 2 companies and hear the same thing from others.
Yep seen it myself. We called it Golf-course Recruitment.
Just because one CEO was a whizz at selling cars doesn't mean he'll make the same magic happen in a different industry.
I worked for a worldwide Insurance company that for years had worked on the basis of staff moving up the ladder. So the guy at the top knew what he was talking about. We actually felt assured because we knew he started out in the mail room 30+ years previously. You couldn't BS these guys because they knew the job and the industry. As a result we were a solid financial company offering good solid products.
Then around 12 years ago we got infected with Golfcourse Recruitment. We then had exec members from the telecoms industry, pharma, media groups, retail etc. etc. Not one of them had come through the financial services. Therefore, they didn't know anything, didn't want to be involved in it so started wanting to ....diversify!
So there we were selling TVs, Cars, all sorts of stuff we didnt need to be doing. All the while our financial products and market share withered away. They then found out that selling white goods was a waste of time so they dumped it all but by then the damage was done. Never recovered.
I decided to leave a few years ago when I was classed as 'old school'! Simply because I knew how the business worked, having been the only one left that had actually worked in most of it since I was 18. I was considered negative due to me putting my hand up stating politely that these 'groovy new ideas' wouldn't work because
A. We had tried them already twice before they arrived.
B. That's not how the business/sector works.
When your company is infected with Golf-course Recruitment Syndrome, actually knowing what you are talking about is seen as a bad thing. Time to move on.