Quote:
Originally Posted by Brianna
(Post 505842)
why does tw hate MBA's?
|
Because they are educated in concepts that we also know as communism. Because they are told to be the 'decision maker' when they have no idea how the work gets done.
How many examples would you like? Denny's destroyed when bean counters in TW Industries started destroying the company.
IBM had to fire 100,000 people before they finally identified the bean counters (Akers and Cannavino) as the only reasons for failure. The near destruction of Macy's when bean counters ordered inside purchasing agents what to buy.
Sears and Kmart who continue to die due to top management.
The Challenger - when every engineer said it was not safe to launch. Not one single engineer could be found to say it was safe to launch. So MBA types said the engineers could not vote and then murdered seven astronauts. Columbia - another seven astronauts murdered for the same reasons.
US Coast Guard that has now spent maybe $1billion on ships that are dangerous to use or that cannot perform the functions intended.
Unisys - the power of two when Blumenthal - a classic MBA - said that uniting Burroughs and Sperry would create economies of scale. Therefore the stock went from $60 per share to $2. The power of two because an MBA stifled innovation to honor the myth taught to MBAs - economy of scale.
HP - had to be rescued when another dumb bimbo names Fiorina also preached economies of scale by wasting $millions on Compaq. Stock dropped from $60 per share to $10. Fortunately, the BoDs were patriotic American enough to finally push Fiorina out the door before HP was driven to bankruptcy. Mark Hurd simply rescued innovation. The stock is now maybe $30 per share.
HP - when another MBA wasted so much money to buy Apollo Computer when it looked good on spread sheets BUT contained no innovation.
Microsoft - Ballmer is an MBA like the Vice Principle in school. He is necessary to the school's function as a disciplinarian. But typically is not principle (leader) material. Ballmer cannot innovate which is why his solutions is a big bucks purchase of Yahoo! rather than to develop new markets.
The various CEOs of AT&T who destroyed the one of this nation's largest companies by stifling innovation and then even wasting $150billiion on cable companies that could not do what AT&T needed. AT&T eventually sold those assets to Comcast for maybe $70billion because AT&T to management were only MBAs - cost controllers - stiflers of innovation - communists who will only destroy wealth, jobs, and the American standards of living.
AT&T is a classic example of what MBAs do - from stifling Unix, wasting money on some of the silliest PCs, refusing repeatedly to get into the internet (see Isenberg's paper on the "Dumb Network" - so they had to drive Isenberg from the Bell Labs). BTW, who owns the Bell Labs? The French. AT&T MBAs so impeded innovation that even the Bell Labs had to be sold to foreigners.
RCA who even had CMOS microprocessors about 1970 but could not sell them because management would not even let them create development systems for the product. Intel eventually started using CMOS in their microprocessors about 10 years later.
Bradshaw was so dumb - an MBA - that he all but gave away RCA to GE. Once Jack Welsh has offered Bradshaw a (rumored) $million bonus to make the sale, Bradshaw went for his personal wealth. That is what MBAs do - screw everyone else. RCA was sold to GE so cheaply that Welsh sold off RCA's other assets, and got the NBC TV network for free.
VCR was developed by whom? Japanese? Of course not. Japan only made all the VCRs. VCR was developed by Ampex Corp in California. As soon as Morita offered to buy the patents, the MBA of Ampex quickly sold out. There alone were 1 million American jobs that were instead given to the Japanese. An MBA can only see profits - has near zero concept of value because he is trained in the business schools. Ampex gave away the future because their MBA executive saw a personal big bonus in his paycheck that year.
But the most stunning example of what MBAs do is the 1970s recession. Business schools routinely instituted costs controls. Japanese used 1950's W E Deming - the enemy of business schools. Therefore Americans were fired - lost jobs - to innovative 1970s Japanese industries. Innovative? A large number if not most of those innovations were developed in America and stifled because top American executives were graduates of the business schools - did not come from where the work gets done - had no dirt under their fingernails - could not see an innovation even if it was stuffed up their nose. Sound like a crack addict? Well MBAs so routinely made dumb decisions that converting them to crack addicts may even make America more productive.
How's that for the short answer. Communism. If your roof is leaking, then you will fix it. But in a communist company such as GM, the roof is not leaking until Rick Wagoner says it is. After all, only MBAs are trained to make decisions.