Word: smarts
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Dates: during 2000-2009
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...Intelligence often breeds ambition, and this combination has harmed Microsoft. It has an over-abundance of smart people who have far too little to do. The company's core software divisions require a large number of software engineers and product development staff, but these people are primarily updating products in Microsoft's PC, server, and office Windows products. There may be some innovation in the creation of new versions of these offerings, but a great deal of the work is the equivalent of maintenance. (See pictures of Bill Gates: The Early Years...
...consumer electronic device or online search tool, but Microsoft has as good a chance, if not a better one, than any other company in the world at success. It has that better chance because it has tremendous cash flow to put into new enterprises and it employees thousand of smart people, who, without any hope that the company will ever move beyond Windows, might simply elect to leave...
...Lathing the parts for all these new plans and welding them together is a bleary-eyed workforce of card-carrying Smart People. They come from the best universities and think tanks. One Cabinet member, Secretary of Energy Steven Chu, has a Nobel Prize in physics. (See who's who in Obama's White House...
...thing to remember about smart people is how dumb they can be. Thousands, maybe millions, of IQ points went into creating a market for magical mortgage bonds that could only go up in value. Whoops...
...built in. As luck would have it, that's precisely the kind of operation the Founders created with their slow-moving clockwork of checks and balances. But in times like these - periods of crisis and one-party rule - skepticism and dissent can seem unpatriotic, and the flawed ideas of smart people can easily get out of hand...