Gresham’s Law, in plain language, says:
“Bad money pushes good money out of circulation.”
This means that if two types of money are both accepted as having the same value by law, but one is made of cheaper or lower-quality material, people will spend the cheaper one and keep (or hoard) the better-quality one.
I think this law applies to the corporate world as well:
“Bad people push good people out of your company.”
If you keep toxic people, there will be fewer good people in the company.
Why is that? Let me explain with an example:
If some people are allowed to steal and others are not, sooner or later those who don’t steal will start stealing – not the other way around!