There is an essay someone wrote about Boeing that I think nails it. The problem is MBA's aren't competent to run companies that require deep knowledge. They ha

There is an essay someone wrote about Boeing that I think nails it. The problem is MBA's aren't competent to run companies that require deep knowledge. They have neither the knowledge, the skills, or the interest. So when they grab power they reorganize the company into something they do know how to manage. The problem with a company like Boeing is the company eventually can't function. You get increasing failure to do things that the company used to be able to do.