Quote Originally Posted by Prof_Pixel View Post
As I said in a posting back in August 2012:

I agree that the management is more concerned with their pockets than saving the company. They are making one monumental blunder after another.

I saw the problems starting in the later '60s with the rise in MBAs with no product experience in management positions. As I've said many times, "Two things have led to the downfall of US Corporations: the MBA and the spreadsheet." With the computer spreadsheet, the MBAs were able to 'fiddle' with the figures and go for short term gains at the expense of long term gains.

Car Guys vs. Bean Counters: The Battle for the Soul of American Business by Bob Lutz talks about the issue in the auto business, and I certainly saw it at Kodak.
You've hit the nail on the head. It's something my father felt was going wrong in the late 1960's and in fact he was appointed Managing Director of a large UK company to help prevent the short-termism that the accountants were advocating, he was an engineer and production director previosly.

It's not just a US problem it's been just as bad in the UK.