I don't have a problem with smart people being employees in certain types of outfits. I think many successful companies go through a phase early in their development where the company is small enough and the owners competent enough that the company is rational. Everything is being done for a good reason, and every decision is made by smart people with enough detailed vision into the company's working to foresee the consequences of the decision. Such companies can be very powerful places to work, especially if business for business' sake is not your calling.
As the company grows, either the owners are replaced (via sale or IPO) or the company becomes too big for any one person to understand its total workings. Either way, delegation occurs, and the quality of decisions drops a notch. Then, somewhere along the way, the Peter Principle kicks in, the delegatees become less competent over time, and the quality of the decisions drops another notch and take on the baffling and hostile qualities that Dilbert lampoons. Somewhere during this process it becomes impossible for a smart person to work congruently for the company.
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