It’s not just Harvard MBAs, it’s MBAs from a bunch of schools, basically when you see a company that grows very rapidly with the founders of the company running things and at some point, they step back and hire Bean Counters to run the company that company more times than not will begin to fail.....
You see it all the time in Technology Companies, look at what happened at Apple when Steve Jobs got replaced by a guy who sold soft drinks and didn’t know anything about technology....
Look at Boeing, they were run by Engineers and built a great plane, replace them with Bean Counters and you get the disastrous 737max...
Countless examples exist...
Look at Boeing, they were run by Engineers and built a great plane, replace them with Bean Counters and you get the disastrous 737max...
"Technology is dominated by two types of people: those who understand what they do not manage, and those who manage what they do not understand." ~ Putt's Law
1, Now add in the “some aspect”
2. It’s like college kids that get jobs with the big consulting firms. What exactly will they be able to consult on? They just got out of college and don’t know sh*t.
3. These MBA & Wall St types are responsible for 1000s losing their jobs every year. Fire as many as they can until the company is barely running. Then tell the ones that are left, if they don’t like it they’ll find someone that will gladly take their spot. That’s corporate America today. I could detail that exact thing with regards to CSX Railroad but I won’t.