>MBAs had no long-term vision, so in each company they infested, they made poor strategic decisions such as moving manufacturing overseas, which then forced other companies to move their manufacturing overseas.

The economic basis for that appeared way before the first MBA got a job.

The goal of any business is to make money, it's why they exist. Moving production overseas saves money. I don't see why this has anything to do with MBAs

Some people think:

“My goal is to make money”

Other people think:

“I need to make some money to achieve my goal”

There are plenty of people from the second category that run businesses, but probably more from the first though.

The question is whether you want to make money in the short term or in the long term. You can do a lot of things that will increase profits for a few years but kill the company long term.

Stock markets reward the short term. This, not MBAs, is the root issue. MBAs are just doing what the shareholders are demanding.

If I were to make a product, I would hope that I'm making money because it's a quality product people like and want to buy because it's good, and not because I'm delivering the minimum possible value not considered fraud to extract maximum value from the customer.

Making money is an indicator that you are producing something that consumers need and want but it should not be the ultimate goal.

A company should stay true to its mission and vision.

Solid argument. No chief executive with an MBA has ever contributed positively to the company they run. ::eyeroll::

well arguments like these are of course all about the statistical tendency because outliers are, by definition, not that important.

But I notice you didn't actually give an example of an outlier MBA that did not behave this way and contributed positively to the company they ran?

Erm no, if there is a group of hooligans, than I will still assume that they are up for violence and if there is a bunch of MBAs taking over companies, I will assume that they are there for short term profit.

Is finding the theories that motivate MBA educational programs abhorrent a form of racism in your view?

Generally one is not supposed to stereotype groups based on characteristics outside their control.

on edit: added in abhorrent.

Well cant botch it that hard, the pals from ivy that are now in government, wont bail you out. So, guess we will never know the good from the bad >> eyescroll <<

People can hate Elon all they want. The guy is extravagant and controversial, and maybe not the best role model for your kids.

But he is right in the sense that a company leader needs to occasionally leave the meeting room and get in the factory floor, get direct exposure to customers and see things firsthand.

We would be already in Mars if we had not stopped doing that.