Airplane seats are getting smaller and smaller, clothes are unrecognizable after the second wash, and machines now answer our calls. Quality and care for craftsmanship seem to be things of the past
My take is this. Say what you want about Henry Ford, he was a man who truly loved to drive and wanted to make great cars. Same with old Hollywood studio bosses; horrible people who really wanted to make great movies. Now all the bosses are MBAs who care only about the bottom line. Their names aren’t connected to the product and they couldn’t care less about whether what they make is of any use whatsoever.
The executives certainly deserve a lot of the blame. But most large corporations are owned by hedge funds, private equity and other layers of obfuscation that are designed to shield the powerful from accountability. After a few layers of abstraction nothing matters but line go up and if line not go up, the C-suite gets replaced before you can say “golden parachute”. These guys only care for the next quarterly results and are trying to ride the gravy train for as long as possible.
My take is this. Say what you want about Henry Ford, he was a man who truly loved to drive and wanted to make great cars. Same with old Hollywood studio bosses; horrible people who really wanted to make great movies. Now all the bosses are MBAs who care only about the bottom line. Their names aren’t connected to the product and they couldn’t care less about whether what they make is of any use whatsoever.
The executives certainly deserve a lot of the blame. But most large corporations are owned by hedge funds, private equity and other layers of obfuscation that are designed to shield the powerful from accountability. After a few layers of abstraction nothing matters but line go up and if line not go up, the C-suite gets replaced before you can say “golden parachute”. These guys only care for the next quarterly results and are trying to ride the gravy train for as long as possible.