It Is Time to Stop Rewarding Failure?

Silicon Valley (the notion) has become very much like rest of corporate America — it has embraced the philosophy of failing upwards. I have seen many executives get bumped up the ranks, get fancier titles and bigger paychecks, even though they were disastrous at their job. Many have left destruction and dismay in their wake. And yet, there they are getting bumped up — again and again. I was reminded of this disease this morning when I read about Microsoft cutting 18,000 jobs of which 12,500 odd will be at the Nokia division. Microsoft’s board might have eased out Steve Ballmer, but man, why aren’t they thinking about Stephen Elop.

via It is time to stop rewarding failure | Om Malik.