One of the well guarded secrets of our economy is the sheer

[KlatooBNikto]

incompetence of corporate managements.Their monumental failures to anticipate scientific, economic and emographic trends pale in comparison to anything governmetal bureaucracies do and, yet, the servile business press glorifies these men and women because, once again, they are afraid to bite the hands that feed them.I think the fawning coverage of people like Bush and Cheney is an infection that has been acquired by the political hacks from the business hacks.


If either of these species ever told the truth, we would know for instance that Cheney's only contribution to Halliburton is his ability to squeeze out dollars from the taxpayers as cost plus contracts, in effect guaranteeing him profits regardless of how inefficient Halliburton is.I should actually qualify that statement further.His second contribution to Halliburton was to make a handshake agreement with his golfing buddy to acquire Dresser Corporation, an oilfield services company without doing any due diligence on that company's liabilities.Those liabilities included huge asbestos related claims and Dresser promptly went bankrupt taking with it the pensions of its long term employees.And guess who didn't pay a price for his incompetence?Dead-eye Dick that's who?And this is the guy who poses as a Uber Ceo taking big risks and getting rewarded for it more than magnificently and talking down those people who play by the rules.

I am getting sick.

[HEIL PRESIDENT GOD]

1. You are so right

The office towers of corporate America are full of overly medicated soulless zombies whose human reactions are all but absent. And I'm not some smelly hippie saying this--I am speaking from experience, a year on the 22nd floor... I have never met people more removed from reality.

[havocmom]

2. Corporate managment: no ideas, no service, no products, just sell stock

and when they sucked up all the investment capital of the average Americans, they put in a puppet regime to rob the treasury AND try to privatize Social Security so they can squeez a bit more blood out of working Americans before the whole population is unemployed and forced into the military to impose corporate will on the world.

Glad I am not gonna live too much longer.

[Snotcicles]

3. I wonder how many of the Evangelicals truly

would like to be standing next to bush and cheney when they meet their maker.

[RainDog]

4. And Dresser was headed by George H.W. Bush

before it was folded into Halliburton.

pretty nice scam, huh?

[Lydia Leftcoast]

5. Yes, the corporate geniuses of America

refused to develop the VCR (which was invented by RCA) because they couldn't imagine why anyone would want one. :crazy:

[sweetheart]

6. Have i ever met competent management?

What i've noticed is that the busniess line is not considered
relevant to the boardroom. I have met many companies where the
senior management is grossly incompetent of managing what their
companies do... and i find it criminal. The people signing the
contracts don't know whether or not they can deliver, and when
things go sour, they just take the golden handshake and walk across
the street.

I'm trying to think of credible managers i've met, people whom i
actually think knew what they were doing: Sun Microsystems -yes,
some of the british managers i've met were the most impressive
leaders of men i've ever encoutered, as they used humour and self
deprecation to inspire others, rather than blunt power tactics.

Sybase, has some good managers, Bob Epstien, and the business line
folks. You really challenge me to flip through so many many
managers and directors i've seen... to be severaly disappointed
that clearly priviledge outweighs capability in our "meritocracy".
Frank Zarb is/was no great one, JP Morgan MD's were bordering on
criminal, same with Morgan Stanley, Goldman Sachs, similarly...

MIT has some great leaders teaching there. Gosh, a lifetime of
meeting and working with managers, and not even bothering to assess
their credibility, rather smile and act gracious to get a cheque.
I guess it goes without saying, that anyone who wants to make a
lifetime dominating a small farmyard, can't register much on the
human being scale.

I guess it indicates, that in today's management, you have to sell
out your soul first, and in later life, the hollow shell person can't
ever recover the power of their lost blood, so what do we expect.

[peacetalksforall]

7. Their biggest downfalls are the ego and the desparation to maintain a

sterling reputation by the top executives as they move from corporation to corporation and always up. They come in like white knights to improve the company and they think they have to do it by changing the corporate structure and policies to prove they know something. Millions of dollars later they are replaced by someone who puts it all back or changes it a second time.

Now, they've added the need to win the 'Outsourcing Oscar'. I'm not joking aout the Oscar - there is now an annual award ceremony where the top 10 corporations who have excelled some way in outsourcing efforts win awards. They had a gathering in New Orleans or Texas about April of this past year.