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pentaxuser
03-18-2013, 03:26 PM
It's not just a US problem it's been just as bad in the UK.

Ian

True except for the Financial services industry - our saviour. Thank goodness for small mercies:D:D:D

pentaxuser

Roger Cole
03-18-2013, 03:32 PM
We've sucessfully hired a few MBA's in our company. They get to sweep floors a few years, then might
be taught to stock shelves. If it appears they can work, they might eventually be assigned paperwork
tasks and gradually acquire a little actual responsibility. Any corporation stupid enough to drop them
into anything resembling a top tier is doomed.

Every public company in the US would seem to be doomed then.

Prof_Pixel
03-18-2013, 03:39 PM
Every public company in the US would seem to be doomed then.

... pretty much ...

DREW WILEY
03-18-2013, 04:10 PM
Roger - corps are dropping like flies, and generally due to sheer stupidity ... lemming mentality. If one
corporation shoots themself in the foot, their competitiors will do exactly the same. Whenever possible,
I try to deal with privately-held manufacturers which are at least somewhat buffered from the worst of
this, though there is usually some smart-alec MBA who manages to make a mess before eventually
getting fired. It's a parasitic profession, kinda like going to a surgeon who had never even taken a
biology class or dissected a frog first. Part of my job is predicting what direction mfgs will head into.
If a bunch of twenty-something MBA's get dropped into the hierarchy, it's time to run away from that
outfit - fast. Or if you work for someone like that, look for another job fast. Usually the only person
more incompetent is the CEO who hired them.

Noble
03-18-2013, 06:19 PM
Most good MBA programs require substantial experience to get in. So if people are hiring MBAs with no experience maybe they should start hiring from better schools. MBAs in the US are like law degrees. Universities open new law school and business departments all the time because they are cash cows. The humanities department doesn't pay the seven figure salary of the basketball coach. So as with most things in life as a student and as a hirer you have to use your sense of discretion... and common sense. That's the whole point of targeting your recruiting efforts and actually interviewing the candidates.

Prof_Pixel
03-18-2013, 06:47 PM
Most good MBA programs require substantial experience to get in.

I just checked on the admission requirements for the Harvard MBA program and don't see any "substantial experience" requirement. See: http://www.hbs.edu/mba/admissions/admission-requirements/Pages/default.aspx

Ken Nadvornick
03-18-2013, 06:49 PM
My confusion arises from the basic question: Where's the The Buck Stops Here paperweight?

Inexperienced MBAs can and often do point in silly long-term directions. But doesn't the boss' desk still have that paperweight sitting on it? And the veto power that goes along with it?

So what gives?

Are these guys all asleep at the switch? And if so, where then is the institutional dead-man switch? The one designed to keep the train from jumping its tracks and causing horrendous train wrecks (re: Kodak)? I thought that was supposed to be the members of the BODs? Or did somebody weld that switch shut too?

Ken

Prof_Pixel
03-18-2013, 07:01 PM
My confusion arises from the basic question: Where's the The Buck Stops Here paperweight?

Inexperienced MBAs can and often do point in silly long-term directions. But doesn't the boss' desk still have that paperweight sitting on it? And the veto power that goes along with it?

The 'Boss' is also compensated on the short term performance of a company. Everybody wants it now.

Ian Grant
03-19-2013, 06:32 AM
The 'Boss' is also compensated on the short term performance of a company. Everybody wants it now.

Best of all is the Bonuses paid for the losses !!!

Ian

alanrockwood
03-19-2013, 10:29 AM
Best of all is the Bonuses paid for the losses !!!

Ian

I once worked for a company that was losing money. A new board of directors and CEO appeared by some mysterious process that no one understood. One of the first things they did was to give themselves a deferred compensation package, payable within three years, with a minimum cash payout worth more than the entire net assets of the company, and this was only the tip of the iceberg with regard to the shady dealings.

Authorities from several levels of government were alerted, but they did not lift a finger. A few years later the company was de-listed from the stock exchange for not having an elected board of directors, but it was too little and too late, well after many shareholders lost virtually all of their money invested in the company.

wblynch
03-21-2013, 07:19 PM
Roger - corps are dropping like flies, and generally due to sheer stupidity ... lemming mentality. If one corporation shoots themself in the foot, their competitiors will do exactly the same.

Whenever possible, I try to deal with privately-held manufacturers which are at least somewhat buffered from the worst of this, though there is usually some smart-alec MBA who manages to make a mess before eventually
getting fired.

It's a parasitic profession, kinda like going to a surgeon who had never even taken a biology class or dissected a frog first. Part of my job is predicting what direction mfgs will head into.

If a bunch of twenty-something MBA's get dropped into the hierarchy, it's time to run away from that outfit - fast. Or if you work for someone like that, look for another job fast. Usually the only person more incompetent is the CEO who hired them.

It's called Equity Extraction and it is by design.

Basically a Vampire operation to suck decades or centuries of 'value' out of assets (plants, real estate) that was bought and paid for long ago. Suck out the blood and toss the carcass aside.

Taught by all the 'best' business schools. A direct result of the preponderance of MBA's since the 1970s.

Oh, and I might add, the BOD and CEO are in on it.

Marvin
03-21-2013, 08:44 PM
At one time I had a MBA supervisor who had run out of gas in his car and was asked to go help him out and found him searching the owners manual for what to do in case you ran out of gas. I carried a gas can and said lets go get some gas and we got his car started. Sometimes book knowledge doesn't replace common sense. I think some MBAs couldn't run a Hot Dog Stand!

Prof_Pixel
03-21-2013, 10:37 PM
Or it could get sold to the Chinese.

During the '50s, my Dad worked on an expansion of a paper mill in Port St. Joe, Florida. Many years later (about 2003) I happened to drive through the city and everything was gone. I was told all the paper making equipment was sold to a company in China; the mill had deep water access, so the Chinese simply brought in a freighter and picked it all up.

AgX
03-21-2013, 10:46 PM
There is a worldwide growing overcapacity in film manufacture.
China is a forerunner in digitalisation. What would China need a film plant for?

RattyMouse
03-21-2013, 11:36 PM
Long ago I suggested that China could save film. I was roundly thrashed for thinking that was possible.

No one has any hope for the future of film. It's always "that can't be done" yada yada...

zsas
03-21-2013, 11:46 PM
My reply re your China can Save Film theory is that China doesn't have a name. A name is everything. As I sit here and type on my Foxconn phone (I mean iPhone), ask yourself if your really think China can save film? Or can Kidak possible lease its name to say Lucky who might manufacture it? I highly doubt as Lucky just ended their color lines. Ratty I just respectfully disagree with your premise....

zsas
03-21-2013, 11:57 PM
Ratty in addition to the practical theory I have above, think about the emotional....you see a lot of, "...my Dad handed me a roll of X to load in the Z camera and at that moment, I was hooked for life on X film....".

That is what we are talking about. Artistic tools like brushes, paints, film, etc., have this realm that it hard to quantify and just delegate to another entity....just my $0.02..

Brian C. Miller
03-25-2013, 01:50 PM
China can't save film simply because they've basically skipped from not having a camera to cameras in cell phones. Why bother with a film camera when you already have a camera in your cell phone, and its quality is good enough for you? So they aren't buying a lot of digital cameras, either.

Kodak tried investing in Chinese film production, and then dropped it altogether and wrote it off the books.

(Personally, there's no point to sitting tight and waiting it out. Time to go shoot film!)

pentaxuser
03-25-2013, 04:16 PM
I carried a gas can and said lets go get some gas and we got his car started. Sometimes book knowledge doesn't replace common sense. I think some MBAs couldn't run a Hot Dog Stand!

An MBA has a puncture and while changing the tyre manages to let all four wheel nuts roll down a drain. He realises that he might miss a very important meeting. He stands there distraught. A very unprepossessing stranger walks by and asks what the trouble is. The MBA explains and the stranger thinks for a moment says that if he took a wheel nut off each of the other three wheels he could secure the fourth wheel and drive carefully to the nearest garage for a set of wheel nuts.

The MBA is so overjoyed that he offers the stranger a lift home. The stranger says that it is OK as he just lives across the road and points to a lunatic asylum.

The aghast MBA says: "You've been advising me on a complicated technical matter and you are a certified lunatic!"

The stranger replies: " I am afraid so but at least it is better than being stupid" :D

pentaxuser

DREW WILEY
03-25-2013, 06:39 PM
The MBA rolls his new BMW into a ditch and totals it. He crawl out all bloody, crying about his car.
Someone stops to help him, "Sir, I wouldn't worry about that car ... did you know your arm got ripped
off?" Then the MBA really starts bawling, "Oh, my Rolex, my Rolex, I lost my Rolex!"