What is Tycoonitis?
1.
The tendency of corporate executives appointed to high positions in government service to regard Congressional oversight as interference with their perogatives, and hence to resist it.
"I call this 'tycoonitis,'" House Foreign Affairs Committee Chairman Tom Lantos (D-Calif.) said: "People who come from the top of the corporate ladder" - Agency for International Development Administrator Randall Tobias came from Eli Lilly - "who consider congressional suggestions, requests for information and participation in decision-making as intruding on their turf." Later, Tobias was busted using an escort service.
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1.
Simply put, an unecessary mistake, which stemmed from a smaller problem, which didn't get resolved. As a result the issue got a lot..
