Friday, August 12, 2011

Video Response to Freakonomic's "The Church of Scionology"

To listen to the podcast I'm discussing you can download the mp3 here.

My thoughts on Feakonomics podcast on "scionology", apparently another name for nepotism (hiring family members over others into a business). The "Carnegie Conjecture" proposes that this is a bad idea. Despite our best well meaning for passing on security and a legacy to our relatives it turns out they tend to do a crappy job. This is due to the fact that behavior seems to be only 50% genetic so they tend to lack the same drive, charisma, and vision as the predecessors (as demonstrated by Budwiser). This isn't always true though, as demonstrated by Yuengling.

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