As if the crushing financial burden of Sarbanes-Oxley is not enough, now it is pretty clear to me that Generation Y employees won't probably work at public companies. The controls, approval levels, and other things that are nearly required to maintain good SEC status, smiling auditors, and shareholders (who might be assumed to be more worried about the companies in which they invest stealing from them, than they are those companies being successful in their markets), all lead to a corporate culture that is too old-school for this new batch of employees. No wonder this generation is highly entrepreneurial.

See repost of a portion of a blog post from the good folks at 37Signals and tell me whether or not the public corporate entity has a chance...

The traditional workplace is broken
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In the article entitled, "Want to attract and retain Gen Y? Better rethink everything", The Arizona Republic explains how employers can attract younger workers and talked about 37Signals.

President Jason Fried says today’s employers present the biggest roadblock. “Simply put, employees are treated like children. They are not allowed to think for themselves, and there are too many layers of approval, just too much insulation that prevents anyone from doing anything. The traditional workplace is broken, and until someone realizes that, there’s always going to be conflict.”

This suffocation by protocol is dead on and will never allow an employee to “go beyond” or achieve something extra for the company. This is a critical link that most organizations continually fail to acknowledge. They are too focused on ensuring employees do no wrong that they actually prevent them from achieving anything beyond status quo."