In David Stutz’s resignation letter to Microsoft, he despairs of the toll the downturn will take on management: ‘Being the lowest cost commodity producer during such a recovery will be arduous, and will have the side-effect of changing Microsoft into a place where creative managers and accountants, rather than visionaries, will call the shots.’

I expect that’s the situation in many places, it’s an economic necessity. The question is: when the economy swings back up can the company re-institute the visionaries or is the culture irreparably altered?

Link courtesy Mark.