You are SO on target with that observation!
I am actually considering writing a book called
“How MBAs Are Ruining The World”.
It is happening to my company. 3 years ago we brought in one of the notorious consulting companies to “fix” our organization. The problem was that we weren’t broken. Almost $3b/yr in sales.
The first thing the all MBA consulting team did was put everybody in a box. Guess who went into all the upper executive boxes? People with MBA’s. Didn’t matter that they didn’t know jack and had almost no experience. They actually made the recommendation that we layoff most management that didn’t have an MBA.
This year we will be lucky to do $1B. They walked away with a $200M consulting fee.