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Dispersion Of Ownership

Much as God was replaced by professional clergy who claim to “know” the will of God, the dispersion of ownership in a company (via the birth of the stock market) birthed the professional  institution of management who claim to know the will of the owners.

If the will of absentee owners is solely to extract maximal profit from the org, then management indeed knows the will of the owners. And since the workery can no longer communicate directly with the diluted and fragmented owner heap, their concerns and ideas are conveniently out of sight and out of mind; reinforcing the “maximal profit extraction” mindset.

Relying on the fairness of managers to balance profit with worker well-being is not much different than relying on the same behavior from a heap of unconnected, faceless owners because neither group is the original creator of the org.

Note: This post is the result of contemplation and reflection on the Russell Ackoff paper titled: “A SYSTEMIC VIEW OF TRANSFORMATIONAL LEADERSHIP“. It’s yet another unoriginal BD00 meta-post. As usual, I sketched up a picture and pasted some bogus words around it. You can probably come up with a better supporting story yourself. Give it a try.

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