Comment Re:More clan-controlled corporations in the East (Score 1) 267
I'd say that this still has overall beneficial effect: people who view the company as their fief, rather than merely a convenient but disposable source of income at this particular moment, are far more likely to manage it well and look at long-term effects of what they're doing.
Having the company as your private empire may well have the opposite effect. Since effectively nobody can fire you, your only enemy being an overly ambitious relation, you have no incentive to do well on the job. On the other hand, if you're a hard worker, you may prefer to do things by the book, fearful of innovation, since you don't want to be known as the guy who ruined the family dynasty.