Wednesday, July 27, 2005

An Appreciation of Executive Ignorance

What didn’t they know
and when didn’t they know it…

There are, lately, some high profile criminal cases going on where the top execs of certain scurrilous companies plead ignorance to the illegal activities of their underlings and same-level colleagues.

Much as The Cube, whose early-career pension plan went down the tubes in one such scam, would love to see those Top E's taken down, it has to be admitted that they may have a point -

- as The Cube must confirm, having stepped into this situation a few too many times when the company's left hand doesn't know what the company's right hand is doing. We see it on the floor every -

What didn’t they know and when didn’t they know it…

They may have a point.

What didn't they know...

And, of course, who can tell when executive incompetence is used to mask willful ignorance? It is not a crime to be a fool. "Fool" is a harsh word, but it is what so many of these bright and brilliant Captains of Industry now claim. And one of them, so far, has gotten off on that defense.

Billions made and a Fool.

This Note, then, is truly an appreciation of executive ignorance.