Sears had layers and layers of people it didn't need. It was...

Sears had layers and layers of people it didn't need. It was very bureaucratic. It was slow to think. And there was an established way of thinking. If you poked your head up with a new thought, the system kind of turned against you. It was everything in the way of a dysfunctional big bureaucracy that you would expect.

Charlie Munger Quote About Thinking, People, Needs: Sears Had Layers And Layers...

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