GREED GALAXY OF MBAs RUIN ECONOMY

ELITISM’S fragility is its strength.

- PRABHU CHAWLA 

It is protected by the moat of money. The world’s most adventurous outlier billionaire Elon Musk blasted MBA education as limiting an individual’s “… ability to think creatively and give customers what they really need.” In the super-hive of financial markets, they are the worker bees who make honey (money) as top executives with pedigree and degree from Ivy League institutions. These ominously overrated overlords operate wealth creation in market-led economies as stewards of top-heavy management structures. They invariably hold glamorous MBA degrees. They are masters of jaded jargon, which can be decoded only by their ilk.

Even highly trained statisticians cannot decipher their mysterious number crunching. Musk, a Stanford dropout, doesn’t hold an MBA. In his opinion, “there might be too many M.B.A.s running companies.” “There’s the M.B.A.ization of America, which I think is maybe not that great. There should be more focus on the product or service itself, less time on board meetings, less time on financials.” he shrugged, “I hire people in spite of an M.B.A., not because of one.” his co-business promoter Peter Thiel, the venture capitalist who started PayPal holdings Inc, advised: “Never ever hire an M.B.A.; they will ruin your company.”