A Quote by Ted Lindsay

The owners and managers were too stupid to realize we had brains. — © Ted Lindsay
The owners and managers were too stupid to realize we had brains.
In my first career I had founded my own company, with a group of MIT professors, before coming to Harvard to finish my doctorate, and so I had a deep respect for the brains, talent, and dedication of managers. That made it hard for me to believe the attributions in the business press that stupid management was to blame. So I looked elsewhere for an explanation.
Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors - pension beneficiaries and mutual fund owners at the bottom of the food chain.
I'm scared of myself. I think I'd be a bad driver. I'm scared of cars, period. I've had too many friends killed now, and I've seen too many people killed in my life when I drove across the country when I was 12. I'm sure that has a lot to do with it. If you see a few real dead bodies with brains on the pavement, it does a lot to change your attitude. It means you can get it too. I've had a lot of relatives killed. I've had a lot of dear friends killed. It's stupid. The whole activity is stupid.
I guess politicians can be excused for thinking the electorate is stupid because they keep winning reelection. If you were Barbara Boxer or Harry Reid and you kept being reelected, you'd have to think, 'Half of my state is stupid.' But then you wouldn't be smart enough to think that if you had their brains.
Yogi Berra, Bill Lee, they were irreverent, poked fun at the stodgy owners and managers.
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
Stupid religion makes stupid beliefs, stupid leaders make stupid rules, stupid environment makes stupid health, stupid companions makes stupid behaviour, stupid movies makes stupid acts, stupid food makes stupid skin, stupid bed makes stupid sleep, stupid ideas makes stupid decisions, stupid clothes makes stupid appearance. Lets get rid of stupidity from our stupid short lives.
That whole thing about, 'Hey, ex-catchers are the best managers.' Listen, pitching coaches have some brains, too. Sometimes they're not all there, but sometimes they are.
A somewhat casual observer from outer space might well deduce that the course of evolution in this planet had produced a species of large four-wheeled bugs with detachable brains; peculiar animals which rested when they sent their brains away from them but performed in rather predictable manner when their brains were recalled.
We were too intelligent, too cynical for war. Of course, you don't have to be stupid and primitive to die a stupid, primitive death.
Many Chinese criticize me not only on Baidu but on Facebook. Some say, do you think Chinese authorities were stupid enough not to realize you were a North Korean defector? If they read my book, they'd understand. I did my best to escape. I think it's all a miracle. It's not because Chinese policemen were stupid enough to believe my fake story.
When a war breaks out, people say: "It's too stupid; it can't last long." But though a war may well be "too stupid," that doesn't prevent its lasting. Stupidity has a knack of getting its way; as we should see if we were not always so much wrapped up in ourselves.
The modern joint stock firm is the outcome of innumerable decisions made by individual entrepreneurs, owners and managers. For these decision makers the choices among alternatives were limited and the outcomes uncertain, but almost always there were choices. Despite the variability of these individual decisions, taken cumulatively they produced clear patterns of institutional change
People were paid lots of money to make stupid decisions, people in big banks, and when people are paid to be stupid they'll be stupid. The question was, did they know they were being stupid or were they just stupid? I think you need to take it on a case by case basis. There was some sinister activity, but I think by and by it was people being incentivised to do the wrong thing.
I talked about becoming stupid, but I've always been stupid. Fortunately I've been just smart enough to realize that I'm stupid.
We have a terrific team, and our managers are terrific managers, but we have made it too complicated for them and too complicated in a way that they just can't do an excellent job in many cases when it comes to the customer experience.
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