General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump wasn't a real CEO. No wonder his White House is disorganized.
Running a family business isn't the same as running a public corporation.
By Bert Spector February 21
Bert Spector is associate professor of international business and strategy at the D'Amore-McKim School of Business at Northeastern University.
Throughout the 2016 presidential campaign, Donald Trump made much of his business experience, claiming hes been creating jobs and rebuilding neighborhoods my entire adult life. ... The fact that he was from the business world rather than a career politician was something that appealed to many of his supporters.
Its easy to understand the appeal of a president as CEO. The U.S. president is indisputably the chief executive of a massive, complex, global structure known as the federal government. And if the performance of our national economy is vital to the well-being of us all, why not believe that Trumps experience running a large company equips him to effectively manage a nation?
Instead of a fine-tuned machine, however, the opening weeks of the Trump administration have revealed a White House thats chaotic, disorganized and anything but efficient. Examples include rushed and poorly constructed executive orders, a dysfunctional national security team, and unclear and even contradictory messages emanating from multiple administrative spokesmen, which frequently clash with the tweets of the president himself.
....
So why the seeming contradiction between his businessman credentials and chaotic governing style? ... Well for one thing, Trump wasnt a genuine CEO. That is, he didnt run a major public corporation with shareholders and a board of directors that could hold him to account. Instead, he was the head of a family-owned, private web of enterprises. Regardless of the title he gave himself, the position arguably ill-equipped him for the demands of the presidency.
....
This article was originally published on The Conversation. Read the original article.
Bert Spector is associate professor of international business and strategy at the D'Amore-McKim School of Business at Northeastern University.
C_U_L8R
(45,002 posts)Squandering an inheritance and going bankrupt lord knows how many times...
aren't impressive qualifications for much except disaster.
Botany
(70,505 posts)By the mid 1990s he was in the shits and because of all of his bankruptcies no American of
European (except Deustsche bank .... and that got burned) would loan him a nickle so
Trump was helped out by loans from Russian banks and or Russian mobsters and this $$ let
Trump keep up the front as a successful businessman.
And Trump still hasn't come to grips with him that "The Apprentice" was all make believe.
It was a phony TV show and "the donald" wasn't really a boss of anything.
dchill
(38,493 posts)But the ratings are way worse.
ProfessorGAC
(65,042 posts). . . and pretty sure it was Forbes had people on talk shows back in September talking about an analysis they did that showed if Trump has just invested his inheritance in a broad base of funds, he would have been worth $2 billion more than he claimed.
So, his great business acumen resulted in a net deficit of $2 billion compared to doing NOTHING!
Botany
(70,505 posts)n/t
mahatmakanejeeves
(57,452 posts)Full disclosure: when I think about some of the stock I bought, I would have been better off leaving the money in the bank.
ProfessorGAC
(65,042 posts)The stock sharing i got with this company quadrupled in value and split 4 times, so some of my profit sharing went being worth 64 buck for every dollar is was originally. Not any particular investing skill on my part. Just a cog in the machine that ended up very successful.
mahatmakanejeeves
(57,452 posts)I've had a few that went the other way. Actually, a lot that went the other way.
Best wishes.
unblock
(52,230 posts)i think he leans on them because they have some degree of actual competence and cooperate by letting donnie take the credit.
now that the spotlight is on *his* actual performance, and his kids can't easily cover for him, his incompetence is on full display.
KittyWampus
(55,894 posts)are willing to accommodate his incompetence and stupidity.
MrScorpio
(73,631 posts)That makes me feel better.
Jeez.
FDT.
Rex
(65,616 posts)Trump has never worked a real day in his life.
Thinkingabout
(30,058 posts)administration. On governing, he may claim to be first in his class but he has failed miserably in the four weeks of governing. I tried to tell the RWers when they said he is a businessman and will help the US the two are not the same.