If you want your company to make a earnings , do n’t offer any of its executives a shot at knighthood . No , this is n’t a Game of Thrones jocularity . In land where government can grant knighthoods , executives are willing to do almost anything to get the coveted titles — including letting their party fail .
Over at Foreign Policy ’s Passport , Alicia Wittmeyer writes :
In anew newspaper , researchers Konrad Raff and Linus Siming found that chief executive officer were unforced to let their house ’s carrying out suffer for the interest of … a knighthood ( or a damehood , if she hap to be a woman ) . main executive , it seems , actually desert abridge costs or firing employees when presented with the opening of the archaic honor — the awarding of which might be offend by , say , a round of horrible layoffs .
Governments , in bend , may be using such award as a lowly - cost mean of boosting employment in party run by CEO that are suckers for position symbols , harmonize to Raff and Siming , who are prof at VU University Amsterdam and Bocconi University , respectively .
So basically , the specter of feudalism is haunting capitalist economy . earn perfect sensory faculty .
capitalist economy
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