Portrait of Richelieu by Philippe de Champaigne
Those who want and can start and grow a company are few.
But if successful, many want to manage it and become the beneficiary.
Raiding attacks and machinations of competitors are on everyone’s radar.
But it happens that with the lapse of time the shareholder himself loses power.
For example, when in a public company the board dances to the tune of a hired CEO.
Sometimes the HR director, like Cardinal Richelieu, de facto rules behind the king’s back.
Less noticeable, but more dangerous, when socialism replaces capitalism.
The company becomes a trough for those who do not create value and do not bear risk.
And if the business built is mighty, the idlers can milk it to exhaustion.
To save a stunted organism, a harsh purge is necessary.
In pathological cases, only a change of ownership will help.
If the staff is reduced from 7,500 to 2,750, but the business is running — how is that?
Such a miracle means the business has just been reborn.
If you’re the founder of a company, make a point of the Twitter story.
Yours sincerely,
-Alexander
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