On
February 21st 2017 Bert Spector opinion article "Trump Wasn't a Real CEO. No wonder his White House is disorganized" is directed towards the American people, to help clarify the early disorganized
mess that is going on inside the Whitehouse. Bert Spector, the associate
professor of international business and strategy at the D’Amore-McKim School of
Business at Northwestern University. He has also written about the distinction
between public and private companies. The American Bar Association wanted him
to write about what new corporate lawyers needed to understand about how
business works.
Spector raises concern for the main
qualification people liked in Trump becoming President. He claims that the title
of CEO Trump gave himself as the owner of his companies is disingenuous
considering his companies are all private LLC’s. Spector presents the argument,
that being a CEO of a private LLC business is nothing like being a CEO of a
Public business like that of the U.S. Government. The CEO of a private business
has no one to answer to or any opposition of power other than himself. The CEO
of a public business has checks and balances such as shareholders and board of
directors to hold the CEO accountable.
The President of America is very comparable
to a CEO of a public business, he has checks and balances that the constitution
put in place during the development of our country. So, with the idea of
America being a public business, Spector presents the only evidence Trump has
running a public business as CEO. The Trump Hotels and Casino Resorts, lead to
five separate declarations of bankruptcy before finally going out of business.
I agree with Spector’s argument that
we should have concern if Trumps main qualification is that of running his
private business, and with his only experience of running a public company
ending in disaster. So, we should hold President Trump to a standard of transparency
and checks and balances our country was founded on, if we are to make “America
Great Again”.
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