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:
“O born in days when wits were fresh and clear,
And life ran gaily as the sparkling Thames;
Before this strange disease of modern life,
With its sick hurry, its divided aims,
Its head o’ertaxed, its palsied hearts, was rife—”
—Matthew Arnold (1822–1888)
“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.”
—Fran Lebowitz (b. 1950)