You could argue that unlike in earlier generations, MBA's have less or even no skin in the game.
If it is more or less a given that they will move from company to company to company in the course of their career, why should they care if a particular firm does not survive _long-term_? If the shareholders want short-term results, then they are just doing their job to deliver them.
If they can improve things for a company in the short-term, their job is done. They themselves can lead "successful" careers and live comfortable lives with that approach. And leave wealth to their heirs. No long-term survival of the company is necessary.
Comments
You could argue that unlike in earlier generations, MBA's have less or even no skin in the game.
If it is more or less a given that they will move from company to company to company in the course of their career, why should they care if a particular firm does not survive _long-term_? If the shareholders want short-term results, then they are just doing their job to deliver them.
If they can improve things for a company in the short-term, their job is done. They themselves can lead "successful" careers and live comfortable lives with that approach. And leave wealth to their heirs. No long-term survival of the company is necessary.