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by ak39
4009 days ago
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If you're asking whether they "learnt" their lesson ... I very much doubt that cultures that entrench such biases are ever shaken up to reconsider the harmful effects (financial or otherwise) of their adopted attitudes. Don't underestimate the power of the "backfire effect" on the minds of middle-managers who don't want to be revealed as having made mistakes. It takes a bold and courageous leader to admit mistakes in the corporate environment. Or a stupid one. |
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I don't think that is the question. I believe the point being made was that the free market punishes this sort of behavior. You don't rely on the company's officers learning their lesson, or following the spirit of some law - you rely on market forces killing the company that passes over superior candidates.