Degrees

Post #139,981 by tuberculosis 2/5/04 11:39:00 AM 2/5/04 11:44:09 AM Reply	Degrees The vast majority of the internet bubble companies had senior exec teams composed entirely of MBA's from Yale and Harvard. They were mostly idiots and scammers. Not sane business people. You certainly need a lot of cash and pull to get one of those - but it says more about your family connections than your intelligence. The fact is, the vast majority of kids of wealthy people are slacker idiots without the acumen to manage their existing holdings much less build new ones. Doubt me? Two words: Paris Hilton. If the Harvard MBA is so valuable - why is W (along with the rest of the dot bomb ivy leaguers) unable to perform basic accounting? Any 1st year engineering student is familiar with basic mass balance principles (or what goes out must = what goes in). Its the same in accounting. Somehow, W seems to believe that the US Treasury works on the same principles as his allowance - keep spending, don't add any more and wait for the magic deposits that just seem to show up when things get out of hand (courtesy of daddy, generally). .....To the future or to the past, to a time when thought is free, when men are different from one another and do not live alone -- to a time when truth exists and what is done cannot be undone: .....From the age of uniformity, from the age of solitude, from the age of Big Brother, from the age of doublethink -- greetings! -- George Orwell, 1984 Edited by tuberculosis Feb. 5, 2004, 11:44:09 AM EST Degrees The vast majority of the internet bubble companies had senior exec teams composed entirely of MBA's from Yale and Harvard. They were mostly idiots and scammers. Not sane business people. You certainly need a lot of cash and pull to get one of those - but it says more about your family connections than your intelligence. The fact is, the vast majority of kids of wealthy people are slacker idiots without the acumen to manage their existing holdings much less build new ones. Doubt me? Two words: Paris Hilton. .....To the future or to the past, to a time when thought is free, when men are different from one another and do not live alone -- to a time when truth exists and what is done cannot be undone: .....From the age of uniformity, from the age of solitude, from the age of Big Brother, from the age of doublethink -- greetings! -- George Orwell, 1984 Collapse All History
Post #140,039 by ben_tilly 2/5/04 2:09:33 PM Reply	Because that isn't what an MBA teaches Cynical answer? MBAs teach how to figure out which businesses are valuable, get in charge of them and get rich from taht, not how to make the business in question perform well. The MBAs that you are complaining about, as well as George W. Bush, illustrate their effectiveness at what they were trained to do. That you don't see how effective they are merely indicates that you are looking in the wrong place. Cheers, Ben "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]
Post #140,042 by tuberculosis 2/5/04 2:23:13 PM Reply	So MBA is a trained parasite That we agree on. .....To the future or to the past, to a time when thought is free, when men are different from one another and do not live alone -- to a time when truth exists and what is done cannot be undone: .....From the age of uniformity, from the age of solitude, from the age of Big Brother, from the age of doublethink -- greetings! -- George Orwell, 1984
Post #140,051 by ben_tilly 2/5/04 2:52:54 PM Reply	Yes, and this one has leached onto the whole country :-( "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]
Post #140,049 by orion 2/5/04 2:42:48 PM 2/5/04 2:44:08 PM Reply	College teaches theories and does not teach experience. While one can be book smart and know the theories, one cannot gain the experience without learning on their own what works and what does not work. Many MBAs I have seen even do not follow the theories that they learned. Almost as if they forgot everything they learned. Theories that I am just now learning have been in business for over 100 years, yet I have only seen a few managers in my entire career actually use them. One substitute instructor told me that managers may not have the time and/or money to implement theories and thus do things the idiotic way and that I'd do the same under the same circumstances. This to me is BS, theories like postive reinforcement can be done with $0USD by just complementing the worker on a job well done when they do good. It helps them have a bit of job satsifaction when a manager says they are doing good. Plus it only takes about 15 seconds to do. Most managers I had never did that with me, and if they did I would have felt better about my job. Edit: I know college teaches a lot more than theories, but consider that I am talking about theories not being followed here. *"Lady I only speak two languages, English and Bad English!" - Corbin Dallas "The Fifth Element"* Edited by orion Feb. 5, 2004, 02:44:08 PM EST Expand All History

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