[malcolmgreaves]

Nothing is more _inefficient_ than top-down governance from people who are so many layers removed from the folks who have built up real expertise from doing the work that makes the company's revenue.

[JumpCrisscross]

> Nothing is more _inefficient_ than top-down governance from people who are so many layers removed

Correct. Those are the information-transaction costs Coase describes in his “Nobel” prize winning write-up [1].

[1] https://www.jstor.org/stable/2626876