“Peter’s Corollary states that ‘In time, every post tends to be occupied by an employee who is incompetent to carry out its duties’ and adds that ‘work is accomplished by those employees who have not yet reached their level of incompetence,’” Saibus Research writes. “We can see that the bosses of Apple Retail (AAPL) (Ron Johnson (2000-2011) and John Browett (2012)) have proven that the Peter Principle is alive and well in the 21st century retailing marketplace.”
Saibus Research writes, “We’re hoping that Apple Retail’s next boss is someone who is motivated to take it to the next level but isn’t motivated to use his experience at Apple Retail as a launching pad for his next position. Our research here reinforces our long position in Apple because we believe it was a learning experience for Tim Cook as well as the next head of Apple Retail.”
Read more in the full article here.
MacDailyNews Take: We’re not ready to give up on Ron Johnson just yet.
Browett, of course, can go pound sand.