The Economist on Drucker
Posted on November 20, 2005 Comments (4)
Trusting the teacher in the grey-flannel suit:
He was a harsh critic of the assembly-line system of production that then dominated the manufacturing sector – —partly because assembly lines moved at the speed of the slowest and partly because they failed to engage the creativity of individual workers.
The biggest problem with evaluating Mr Drucker’s influence is that so many of his ideas have passed into conventional wisdom “in other words, that he is the victim of his own success. His writings on the importance of knowledge workers and empowerment may sound a little banal today.
I look forward to the day when this next idea is conventional wisdom, and the practice stops:
In the late 1990s he turned into one of America’s leading critics of soaring executive pay, warning that “in the next economic downturn, there will be an outbreak of bitterness and contempt for the super-corporate chieftains who pay themselves millions.”
4 Responses to “The Economist on Drucker”
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June 11th, 2007 @ 7:29 pm
[...] pay did become excessive, Drucker became a prominent voice against the unjust pay of CEO’s. From the Economist: In the late 1990s he turned into one of America’s leading critics of soaring executive pay, [...]
October 19th, 2008 @ 10:44 pm
The excesses are so great now they will either force companies to: 1. take huge risks to justify such pay and then go bankrupt when such risks fail…
April 6th, 2009 @ 11:57 pm
The incredible failure of the culture as a whole, that has enabled corporate cleptocracy to become the dominate culture of so many of our companies, is very disheartening…
December 8th, 2011 @ 3:21 am
[...] Drucker moved from defending highly paid CEOs (say 20 or even 30 times the median employee pay) to expressing dismay at the massively excessive pay packages in the 1990s (which were much lower than that taken by the current crop of self important [...]