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Entire management team needs to be removed and revamped. Still will take a long time to regain trust.
As a society I feel we are over managed and over administered. Colleges, hospitals, and companies have dozens of highly paid executives and administrators who add little value and do even less work.
The primary problem is that centralized decision making is necessary, but the type of people who seek out those positions tend to be power hungry and make changes to establish their authority instead of making decisions based on what is actually best for the organization.
I don’t think decision making needs to be nearly as centralized as it is. David Graeber wrote - I think in Bullshit Jobs but maybe something else - about a nursing company in the Netherlands where it’s broken into democratic work groups. They have low overhead and high patient and worker satisfaction.
By putting the decision making closer to the work I think you get better decisions.
Edit: I looked it up and it was Rutger Bregman in "Humankind"
“The major problem—one of the major problems, for there are several—one of the many major problems with governing people is that of whom you get to do it; or rather of who manages to get people to let them do it to them. To summarize: it is a well-known fact that those people who must want to rule people are, ipso facto, those least suited to do it. To summarize the summary: anyone who is capable of getting themselves made President should on no account be allowed to do the job.” Douglas Adams