No slouches when it came to understanding human nature, America's founding fathers made checks and balances for institutional and individual power a priority. That model proved out during Watergate, of course.
That's government. In business, power has not be subjected to the checks and balances which are needed.
Otherwise, Theranos' founder Elizabeth Holmes would not have been able to have operated her startup for so long, without producing data that could be documented by third parties.
Yes, Holmes might be genius.
But boards of directors probably have to be especially vigilant with geniuses. The board's firing of Steve Jobs at Apple, at the time, was the right move. That move unmasked the leadership weaknesses of John Sculley and forced Jobs to mature as a business thinker and doer.
It's no surprise that in the media coverage of former Fox anchor Gretchen Carlson's lawsuit against Fox head Roger Ailes the meme of his massive power resonates. That should be a red flag. Why does one human being have so much power in a business? Was the 21st Century Fox board of directors remiss in allowing this to develop?
As outside law firm Paul, Weiss conducts its internal investigation at Fox about Ailes behavior, it might turn up some ugly findings about the perils of power. For instance, would Fox, the cable network, be more in front of the threat of online streaming, if one leader didn't have so much power?
Acquiring, holding onto and growing power can be distraction to the business of the business. It can also, as America's founding fathers knew so well, be a peril to a nation. Wasn't it Germany's fault that it allowed Hitler to become so powerful?
In America, because of the system of checks and balances, the next U.S. President cannot do too much harm. The legislative and judicial branch can and likely will prevent any catastrophe of executive leadership.