Having worked for Siemens in the past, I can say I don't understand how they are still in business. Riduculous ration of managers to workers, no real processes

Having worked for Siemens in the past, I can say I don't understand how they are still in business. Riduculous ration of managers to workers, no real processes - it was insane. Of course that was just one small part of a large company. However, the management issue seems to be endemic there.