Modern Parallels
Until the early 1990s, IBM had a decision-making process called "non-concur" in which any department head could veto a company-wide strategy if it didn't fit in with his department's outlook. This effectively turned IBM into several independent fiefdoms. "Non-concur" was eliminated by CEO Louis Gerstner who was brought in to revive the declining company.
Read more about this topic: Liberum Veto
Famous quotes containing the words modern and/or parallels:
“How little do the most wonderful inventions of modern times detain us. They insult nature. Every machine, or particular application, seems a slight outrage against universal laws.”
—Henry David Thoreau (1817–1862)
“If, while watching the sun set on a used-car lot in Los Angeles, you are struck by the parallels between this image and the inevitable fate of humanity, do not, under any circumstances, write it down.”
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