In The '90s It Was Irrational Exuberance.

When Top Executives Get Huge Pay Hikes At The Same Time As Middle-level And Hourly Workers Lose Their Jobs And Retirement Savings, Or Have To Accept Negligible Pay Raises And Cuts In Health And Pension Benefits, Company Morale Plummets. I Hear It All The Time From Employees: This Company, They Say, Is Being Run Only For The Benefit Of The People At The Top. So Why Should We Put In Extra Effort, Commit Extra Hours, Take On Extra Responsibilities? We'll Do The Minimum, Even Cut Corners. This Is Often The Death Knell Of A Company.

The Core Corporation Is ... Increasingly A Façade, Behind Which Teems An Array Of Decentralized Groups And Subgroups Continuously Contracting With Similarly Diffuse Working Units All Over The World.

I Was There In Washington In The `90s. It Was Pretty Bad Then. It`s Much Worse Now [in 2015]. And That Vicious Cycle Is You`ve Got Again Big Corporations, Executives, Wall Street, Very Wealthy Individuals In Both Parties Who Are Calling The Shots.

You Can't Inspire People If You Are Going To Be Uninspiring.

The Presidency Is Probably The Loneliest Office In America. Regardless Of Your Friends, Regardless Of How Good Your Marriage Is, Regardless Of Anything, You Are Alone There At The Top.