I remember this story but I can't remember the specifics and my queries to google have maximum SEO keywords. So if someone remembers and can fill in my blanks please and thank you.
There was this CEO who was brought onto a failing US retail company. His big idea to save the company was to foster internal competition. His logic was if the free market was the most efficient way to structure a society then doing that internally in a company would make it more efficient. The company cratered for entirely predictable reasons.
Who was the CEO who was the company? Am I completely making this up?
As someone already said, Eddy Lampert brought Ayn Rand's ideology directly into Sears corporate management and expected every department to act like an island-nation warring with every other island-nation for funding and attention from the suits. The backstabbing and other assorted features of "enlightened self-interest" caused an Objectivist(tm) clown car crash that lit the circus tent of Sears on fire until it burned down.
ideologically committed libertarians can be almost charmingly naive
"OH MY GOSH! This company is run like a dictatorship! The owner just relays unquestionable orders down the workers! Where's the merit? Where's the striving individuals showcasing their talent to innovate?"
sweety, baby, darling, your whole world-view exists as a thin veneer to justify this fact, how did you not realize...?
Lovely description