Eric Siu warns that big companies like eBay lose focus when they add layers of assistants and executive perks instead of staying close to core business. Bloated bureaucracy slows decisions and pulls organizations away from what actually matters.
Here's what I'll say about eBay. I think when you become larger and larger, a lot of bureaucracy comes and starts to become inefficient. You're still going to need the super AI-pilled people. You want those people on your team. Some of the examples he was giving me, like there's a lot of people, they take forever to respond. There's a lot of assistants, there's an assistant's assistant, and then they're flying around in jets or on vacation all the time and all this stuff that tends to happen when you add more and more layers, you get further away from the truth. I think there's something to be learned. I think there's a great business lesson from this as well. When you run a business, it's about taking care of the business first and foremost. It's not about having an assistant and an assistant's assistant and then having all these private jets and taking all these vacations. That gets away from the main point of the business.
