Tuesday, March 25, 2014

"Sinkhole of Bureaucracy" - A Principal-Agent Problem

Hilarious quote:

"'The reports [from the contractor] just asserted that they had written X lines of code. . . . For an executive, that’s just invisible; you don’t know what it means,' said Curtis Smith, who oversaw retirement processing from 1989 to 1994. He was a longtime federal employee with a PhD in English literature, supervising a massive technology project.

'I had no idea [if] they were making progress from month to month. And I just sort of took it on faith that they could make it work,' Smith said. 'And they never did.'"
Maybe O'bamacare has been having the same problem?

No comments: