zlacker

They aren't incentivized to become inefficient, but once they grow large enough you get into a situation where everyone is playing a political game to minimize their own risk and effort.

And worse, the only people with motivation to fill the top tiers of the company are usually a little off. You essentially have to be a bit nuts to want to be C-level or above in a large corporation. I've seen it, there are employees who will ruthlessly seek out more money. Usually their competence levels aren't quite there, but they are the only people who want the job.