Posted on 09/07/2013 5:47:44 PM PDT by SeekAndFind
Edited on 09/07/2013 6:06:16 PM PDT by Admin Moderator. [history]
If you want to be the Chief Executive Officer of a major company, where you went to school matters, according to a new list from Times Higher Education. THE recently compiled a list of the universities around the world that produce the most CEOs, based on the alma maters of Fortune Global 500 CEOs.
(Excerpt) Read more at businessinsider.com ...
Quite a few Ivy League schools on that list. How ironic for all those liberals at Yale, Harvard, Penn, and Cornell that their universities are producing CEO’s for those evil corporations.
Might even lead the list in dropouts who then become CEOs.
Yes of course, Haaarvard is #1. The Harvard that produces graduates that are responsible for 100% of every problem we face today as a nation. Obama, Ted Kennedy, Jamie Gorelick, Bawney Frank, Al Gore, on and on and on and on. Just think of any problem we face today as a nation, ANY, and 100% guaranteed you can trace its origins to a Harvard graduate every single time. Al-Qaeda training grounds only wish they could do the kind of damage to the US the way Harvard has.
Well, that easy enough to explain, the Ivy Leaguers look out for each other, and freeze out anyone who doesn’t measure up to their snooty pedigrees.
Just a buncha frat rats.
The Boeing Corporation - started by a serial entrepeneur from Wisconsin, looking for a way to make his timber valuable - is now run by a Lawyer named McNerney from Yale who can’t tell you the back end of an airplane from his back end.
A polite way of putting it.
But he’s paid $20 million a year - a sum that Joe Sutter, the Project Engineer who did the 727 and later the 747 could only dream of.
What it means is that the big investment funds have a stable of their “their guys” who they put in charge to make sure the cash flow heads to them, and innovation be damned.
Many people on this forum disparage Elon Musk for example. But I have seen what his companies have done and can do, and I guarantee you, long after a smarmy little creep like McNerney (you can’t make up these names) is an un-remembered and irrelevant footnote in American history, Musk and other risk takers like him will be Legends.
The “Ivy League” is a cesspool of inbred, limp wristed sleazes.
Absolutely PERFECT
elon musk got hundreds of millions of dollars from uncle sugar. don’t tell me he’s the same cloth that others are. if he didn’t get his freaking bailout by all of us, they were bankrupt and about 60 million in the hole.
What about Rio Vista State College?
Actually, there’s a lot of consistency there. There isn’t a huge difference between Big Government and Big Business in this country, so it should come as no surprise that CEOs from major corporations and big-government bureaucrats are coming from the same schools.
Can't be repeated enough.
Michigan Governor Rick Snyder had an interesting route through school and business on his way to the governor’s mansion.
http://en.wikipedia.org/wiki/Rick_Snyder
How many CEO’s didn’t go to college or dropped out?
RE: What about Rio Vista State College?
OK, I’ll bite, what CEO and for what company did the college produce? ( I tried googling the school and I can’t get anything on it ).
The fast-growing electric car company has repaid the entire $465 million loan it received from the U.S. Department of Energy, in a vindication for company co-founder Elon Musk, the billionaire mogul and rocket-ship enthusiast. The loan repayment, made nine years ahead of schedule, was completed Wednesday when Tesla wired $451.8 million to the federal government.
Tesla’s loan was part of the government’s 2010 Advanced Technology Vehicle Manufacturing Program, a $25 billion fund authorized by Congress, signed by President George W. Bush, and awarded under President Obama. The loan program, which was separate from the U.S. auto bailouts to GM and Chrysler under the Troubled Asset Relief Program (TARP), was designed to get fuel-efficient vehicles to consumers faster.
The one from a program authorized by G. W. Bush?
The loan they paid back 9 years early?
It wasn't a TARP bailout. It was definitely government venture capital, but then, the government (Congress) has decided we need to get off Arab oil somehow, anyhow. So they did this program.
Excuse me, but I've been on aerospace programs of exceedingly questionable value where we pissed away a Billion (with a capitol "B") and then cancelled the program without so much as a whimper from the public.
More then one of them, in fact.
$465 million is chump change to the government. A roundoff error. And it wasn't a sunk cost, it was a loan...now paid off.
Would you have refused it?
If so, how would you have explained it to your Venture Capitalists, your Board, your Investors?
"I turned down a damn near free loan because my conscience wouldn't let me take it, I don't believe in government funding".
Good Luck with that Bunky. Been there done that. The VC's would walk you out of your own company doors that day, they wouldn't wait for tomorrow.
Grant me $465 million and I won’t waste it. You’ll get paid back nine years early.
The joke is entrepreneurs who needed that private capital didn’t get it, but Elon Musk did. He’s already rich. Why not use his own money?
It’s the unseen v. the seen over and over again. The government doesn’t have any business picking winners and losers.
BTW, I admire Musk and think he’s very sharp. My complaint is with US and those on his teat or should I say mine?
Actually, at the time of the loan, he could not have financed it from his own funds. He was worth about $325 million at that point I believe and had already committed about $120 million hard cash to SpaceX and similar numbers to Tesla.
There aren't any venture capitalists in those ranges, especially not for something as off the wall as electric cars or rockets.
Possibly equity financing from a variety of ordinary lenders or investment funds but would have been a major stretch. Don't know that there would have been anything like the appropriate equity for collateral.
So it was a pretty speculative loan for the government. The fact that the others all failed is not surprising; in the VC world the typical ratio is about 1 out of 10 succeeding. But the typical investment for those is a maximum of about $30 million.
The comment that the government has no business in this business I agree with. Where the hell do they get off using our money to fund competitors? The standard answer is "we gave it to everyone"...but that means nothing. Every guy with a garage and a design is a potential competitor.
I'm simply saying Tesla went with something because they could. The fact that Musk maximised the value of it is a testimony to his own ability, and no one should think the guy's a fool or a dreamer.
Fisker designed a beautiful car and the power train is not bad either. He just has no idea about the real Engineering behind building something - he's an Art School design type!
Musk has a real understanding of who he's hiring for what. He doesn't hire frauds. That's been his real genius. One guy can't do it alone, unlike the silly Ironman movies which are based loosely on him.
Agreed, although I thought the Iron Man stories were based on Tony Stark’s life. ;-]
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