Recently I was visiting central office of one of the big companies (market capitalization over $100 bn). The company has a small shop on its premises with snacks, sweets and souvenirs. 

I observed how the company CEO was going through the merchandise during working hours and visibly procrastinating with the choice of $5-10 goods. After making the selection on couple of items purchased them.

Would shareholders paying $100,000 an hour to CEO be happy to spend half an hour on this activity (the office is about 10-12 minute walk one way)? Procrastination is even more puzzling.

The company itself is not in a great shape – a lot of debt, struggling to maintain sustainable dividends.

This really brings me to the question – senior management is frequently referred as leaders, while being clever administrators.