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gwsat- As the movie title says, "That was then, this is now." History shows that building a biz up to a big success, is way way harder than keeping it going. Did Edsel Ford have as much ability as old man Ford who built it? Of course not. None of the Ford family progeny these days who are still involved, do; that's well documented. And among US car makers, where's Ford now? #1 in quality & financial health; didn't need federal help.
There are tons of businesses started by a smart person, whose average if not dimwitted progeny take over, and manage to keep it rolling along. Apple is plenty huge enough that it SHOULD have a "deep bench". Unless (and again, we don't know; this is all Kremlinology) Jobs has been too egotistical to hire equally smart people, wanting instead for ego/control reasons to always be the brightest bulb by far, in the room. For example: Was Jon Ive the best designer they could get, OR was he the adequate applicant who who least riled up Jobs's control-freak ego? We may never know.
Hearst was such an egomaniac, his castle was "designed" by a young architect who he bossed around like she was a mere drafting service. New Republic's owner has always hired half-qualified too-young editors, so he can push them around easier and not get his own big-but-thin-skinned ego bruised.
Will what appears to be an Apple with total concentration of power in one person, transition well once he's gone ? ? ? You DON'T foster growth in your team of possible successors, by keeping them on a short leash all the time, until the day you retire.
Look at FDR. One dimbulb V.P. pick after another... even though he was our 3rd or 2nd best president ever, we now know he was afraid of picking a V.P. who he'd too-sensitively perceive as "competition".
So, no heir-apparent, when he died in middle of 4th term. (But he did well with enough other picks, and in mgmt, to as we all know, succceed greatly overall.)
Lincoln's best decision, was to hire an older much better lawyer who'd years ago snobbishly offended him, to be Secretary of whay was then called the War Dept. (Because the Pres. needed a sharp tough cookie in that job -- otherwise corruption and waste in that Dept. among the suppliers, would doom the civil war to failure. If Lincoln had been a thin-skinned egotistical control freak, his presidency would've failed, just over that one appointment.)
But back to companies: I don't think this sort of "afraid of competition" thing in mgmt is uncommon in business culture, at all. People don't want to hire someone who might leapfrog right over them. If the CEO is A+ qualified, and hires all A's, and they hire all B+'s, this fear of internal competition may not hurt the co. much. OTOH if the person doing hiring's a 'B' level guy himself who's afraid to hire anything but C's or lower... it can hurt a firm plenty. Which kind is Jobs? The "hero / ******** roller coaster" he's said to put others through doesn't sound good. IMHO L.K.'s book only begins to explain the company's health status. Is an orderly succession going to happen some day? Who knows?
gwsat- As the movie title says, "That was then, this is now." History shows that building a biz up to a big success, is way way harder than keeping it going. Did Edsel Ford have as much ability as old man Ford who built it? Of course not. None of the Ford family progeny these days who are still involved, do; that's well documented. And among US car makers, where's Ford now? #1 in quality & financial health; didn't need federal help.
There are tons of businesses started by a smart person, whose average if not dimwitted progeny take over, and manage to keep it rolling along. Apple is plenty huge enough that it SHOULD have a "deep bench". Unless (and again, we don't know; this is all Kremlinology) Jobs has been too egotistical to hire equally smart people, wanting instead for ego/control reasons to always be the brightest bulb by far, in the room. For example: Was Jon Ive the best designer they could get, OR was he the adequate applicant who who least riled up Jobs's control-freak ego? We may never know.
Hearst was such an egomaniac, his castle was "designed" by a young architect who he bossed around like she was a mere drafting service. New Republic's owner has always hired half-qualified too-young editors, so he can push them around easier and not get his own big-but-thin-skinned ego bruised.
Will what appears to be an Apple with total concentration of power in one person, transition well once he's gone ? ? ? You DON'T foster growth in your team of possible successors, by keeping them on a short leash all the time, until the day you retire.
Look at FDR. One dimbulb V.P. pick after another... even though he was our 3rd or 2nd best president ever, we now know he was afraid of picking a V.P. who he'd too-sensitively perceive as "competition".
So, no heir-apparent, when he died in middle of 4th term. (But he did well with enough other picks, and in mgmt, to as we all know, succceed greatly overall.)
Lincoln's best decision, was to hire an older much better lawyer who'd years ago snobbishly offended him, to be Secretary of whay was then called the War Dept. (Because the Pres. needed a sharp tough cookie in that job -- otherwise corruption and waste in that Dept. among the suppliers, would doom the civil war to failure. If Lincoln had been a thin-skinned egotistical control freak, his presidency would've failed, just over that one appointment.)
But back to companies: I don't think this sort of "afraid of competition" thing in mgmt is uncommon in business culture, at all. People don't want to hire someone who might leapfrog right over them. If the CEO is A+ qualified, and hires all A's, and they hire all B+'s, this fear of internal competition may not hurt the co. much. OTOH if the person doing hiring's a 'B' level guy himself who's afraid to hire anything but C's or lower... it can hurt a firm plenty. Which kind is Jobs? The "hero / ******** roller coaster" he's said to put others through doesn't sound good. IMHO L.K.'s book only begins to explain the company's health status. Is an orderly succession going to happen some day? Who knows?