The Killer Principle of Hierarchy

If you have ten employees three of them do half the work everyone understands that but if you have a hundred ten of them dohalf the work. If you have a thousand thirty of them doHalf the work and so and so that's a killer principle it also explains why large companies tend to collapse. Once you get up to a thousand you've got nine hundred and seventy people who are only doing half the work, he says. The richest thirteen people have as much money as the bottom I think it's two billion something like that according to Forbes.