talRed Lobster files for bankruptcy, restaurants will stay open
swallowyourmindHedge fund gobbled for raping capital.
Forced sale by Darden by activist (hedge) investors.
New hedge fund owned RL company immediately sells all its property (land & buildings) to separate property company owned by hedge funds.
Big dividends for hedge funds! Billions sucked out of company into shareholder pockets.
New RL then leases all properties, incurring higher costs (now paying rent!)
Pandemic.
5 year leases all up! Property company raises rent!
RL can’t afford higher rent on all locations, no longer has capital to borrow against (all sold 5 years ago), and goes bankrupt.
MBAs are destroying the world.
How did we ever get to the point where an MBA is a highly respected degree? Those skills have no utility on their own and yet we allow essentially uneducated people to run basically all businesses. I want to see engineers run companies that make things, chefs run restaurants, and doctors run hospitals, not these idiots whose only skills involve making graphs and excel sheets.
I want to see engineers run companies that make things
I see you’ve never worked with engineers.
I am an engineer so take what you like from that information. I know the stereotype well but the best business leaders I’ve ever worked with directly were good engineers before they were anything else.
Dog, we’re all engineers. And the worst business leaders I’ve ever worked with directly were good engineers before they got promoted into positions of management (or started their own terrible business, as the case might be) in which they had no business being because the skill requirements for engineering are not automatically transferable to managing people. It’s called the Peter Principle, and there’s some real truth to it.
Haha yeah that’s true but I don’t think it negates what I’m saying. Some people aren’t cut out for management and that’s perfectly fine. However, getting an MBA isn’t going to change you from one type of person to the other. Assuming that the basic characteristics of a manager are present in either case then I absolutely believe that an engineer will make a better high level leader than an MBA.
However, getting an MBA isn’t going to change you from one type of person to the other.
Sure, an MBA is sort of useless. Management is largely based around personality. And you can’t really teach personality. It’s the same way for a lot of professions, like teaching, actually. In fact, I’d say the management pool should be drawn from people who were accomplished high school teachers. There’s a lot of crossover there in terms of organization, planning, and dealing with a bunch of people who all hate the work you make them do.