5min chapter

"Upstream" with Erik Torenberg cover image

E11: Katherine Boyle on Building Companies, Families, and Careers

"Upstream" with Erik Torenberg

CHAPTER

The Delta Between the Public and the Private Sector

I think Mad Men sort of explains a lot of what the country is today. The private sphere has the right sort of incentives, basically to acquire the best talent. It's not something that is controversial in the late 80s even though Paul Volcker was deemed a commission member. And I think fundamentally you see young people who go to terrific schools and then ultimately go on to work in the private sector. So this is not a new thing; it's just how things are done now.

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