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In response to
"Right, I sit corrected. I blame these guys a lot. -- nm"
by
Mel Profit
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It's fascinating to me, because the thought is obviously "government decision makers don't understand the private sector and don't understand risk and
Posted by
Roger More (aka rogermore)
Oct 8 '13, 08:24
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reward, so let's bring in some private sector bottom-line discipline with real CEOs"
Which is fine in theory, but I see a few problems in how RI approached it.
First of all, there's no one on the board with skin in the game if the investment goes south. There wasn't anyone who had the serious job of looking at the project and saying "is this the best investment for the taxpayers' money?". The Governor is the only vote for the government side, and governors generally like making big announcements about how they attracted huge investments and high-value jobs to the state.
Second, on that list I see a lot of executives with a lot of management experience in big companies, but not many entrepreneurs who actually know how to start a business and better understand the risks involved.
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