At the Daily Journal Corporation Annual Shareholders’ Meeting 2018 (14-Feb-2018,) Charlie Munger opined about big bureaucratic cultures and organizational change:

What big businesses have in common by and large is that they get very bureaucratic. That’s the one norm in culture is that they get very bureaucratic. And of course it happens to the government too.

But I basically don’t personally like big bureaucratic cultures and so I don’t think very much about big bureaucratic cultures. I don’t know how to fix bureaucracy in a big place. I would regard it as a sentence to hell if they gave me some company with a million employees to change the culture. I think it’s hard to change the culture in a restaurant. A place that’s already bureaucratic, how do you make it un-bureaucratic? It’s a very hard problem.

Source: Charlie Munger aficionado Richard Lewis’s thorough transcript at his Lattice Work Investing blog.

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