[Chad C. Mulligan]

In the 1970s and ‘80s I watched the American machine tool industry crumble around me, as the fine old legacy companies came under the control of MBAs who knew nothing about the business except how to extract value for short-term shareholder profit. No engineering, no strategic planning, nothing. The Japanese came in selling machines inferior to what we could build, but with superior computer tech, and they stole the most profitable market segment, the job shops.

/rant

[1Old Pro]

I watched the American machine tool industry crumble around me, as the fine old legacy companies came under the control of MBAs who knew nothing about the business except how to extract value for short-term shareholder profit.

There are old GE tool machines that although they weigh a ton, would still work today.

[Mouton]

Check out the dark comedy movie of long ago: Other People’s money.