One need only look what happedn to Gerber.  Once a hedge fund took over (and chained the box to a plastic one), then cereal has been slowly increasing, about $0.50 every nine months, from $2.50 to $5.00.

Since that is the purpose of business according to what is taught to MBAs.  Product never matters.  Only enriching the central committee of the Communist party (hedge fund managers) matters.

So many American jobs surrendered to foreigh compeition because innovation and the product no longer matter.  Only quarterly and annual profits matter.  Those are only increased by cost controls, blaming the workers and unions, sell off divisions to other nations, stiffling innvation, etc.

For example, Bell Labs, once a champion of innovation, is now owned by Nokia - Scandinavia.  GE is now selling their medical division to - forgot which nation.  In order to increase profits, the top man in Boeing (a finance guy) create (cost controlled) the 737 Max.  Since innovation takes too long.

Kodak, Xerox, Polaroid, etc all cashed out to enrich top management.  Most all cars now made in America have foreign nameplates.  For reasons cited repeated - including a repeatedly denied numbers: Horsepower per Liter.

In order to cut costs, the US government subverted good design procedure to rush a Space Shuttle into production.  As a result it could not fly until its entire engine was torn apart and rebuilt after every flight.

In order to cut costs, extremists ordered all long duration Coast Guard cutters to be put immeidatly into production without even one prototype.  As a result, the stern would break off if operating at full speed.  So those were sold to an African nation.  And superior ships were bought from patriotic Netherlands.  Who let their engineers (not business school graduates) design.

Name one sucessful product from Microsoft duing the ten years of Steve Balmer - a business schoo graduate.

Hedge funds merged white appliance manufacturers into a few massive conglomerates. Under the lie called 'economies of scale'.  Then to pay for their needs, have implemented cost controls on American white appliances.  High failure rates are now found in Maytag, Kitchen Aid, Whirlpool, Amana, JennAir, Hotpoint, etc since hedge funds did a massive 'restructuring'.

No problem.  Profit have increased,  It must be good.

Flint MI - intentionally created to decrease costs.  By finance people (all except one were an MBA) who knew that would be good for .... who?

They could not find even one engineer who said it was safe to launch Challenger.  Somehow those murders were an accident.

One need  only see the massive price increases on insulin now that hedge funds took over those industries.

In a productive nation, costs decrease as the product ages.  In businesses run by communists (finance people), prices increase.  Somebody must pay for so many more layers of management all demanding six and seven digit salaries.
 

Last edited by tw (4/30/2022 2:05 pm)

Extremism is alive and well.  Some cannot read anything longer than a tweet.  A problem created by a 30 second attention span.  Who else has that problem?