Apple Retail's Ron Johnson And John Browett Have Proved The Peter Principle Is Alive And Well
by Saibus Research
The Peter Principle is a principle articulated by Dr. Laurence J. Peter in which in an organization where promotion is based on achievement, success, and merit, that organization's members will eventually be promoted beyond their level of ability. The principle is commonly phrased, "employees tend to rise to their level of incompetence." In more formal parlance, the effect could be stated as: employees tend to be given more authority until they cannot continue to work competently. 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." 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. We are long Apple because it Apple Retail can survive John Browett and known when to cut him loose, then the man who is a bear on Apple will go broke. read more »
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