Business Management Education, Jeffery K. Skilling's Harvard Business School Mba Education
Q: The very first lecture of my first MBA course, the professor said to us:
"Don't do anything illegal, you will lose a lot of money." He
then paused for the dramatic effect. While what he did seemed weird back
then, the facts is that I have never made any decision to do anything illegal,
after Enron, I will just stick to that rule.
A:In order to have continual growth in energy trading business, Skilling and his posse would need to spend a lot of time finding new customers, create contracts, and doing a lot of economic forcasting, that is difficult. So they took the lazy (and illegal) way out. American Business Schools are seedbeds of leftist propaganda. What's worse, the net result is students who learn to kiss up for fear of arousing leftist lunatics and see the kissing up as a substitute for ethics. Ultimately the charade of modern business schools thrives because they delude greedy but temperamentally unsuitable students into thinking that people skills can be taught from books (and unbusinesslike faculty) in adulthood and not in early childhood from more basic experiences. (Animal minds are born fully developed, hence instinct, while human minds more adaptibly develop by age five, producing personality; but eventually both are rather hard-wired.) Most human relations and business strategy lessons you learn in b-school could just as well be learned from Solomon's Proverbs or Aristotle's Rhetoric. The captains of American Industry didn't believe in democratic capitalism: Henry Ford was denied WW2 mil contracts because of his Nazi ties, Edison's sidekick Steinmetz was a socialist, and John D Rockefeller believed the monopolistic efficiency of his Standard Oil was theocratically mandated; It should therefore be of no surprise that these "captains of industry" set up business schools that didn't believe in the American way of business. Since a lot of business is psychology and sociology, cultism, started by none other than Freud, is rampant. Let's examine their teachings. Participative management came to us via Myrdal Scandinavia and Tito Yugoslavia and was largely based on the Tavistok studies whose sample size was a mere thirty. This was foisted on Japan by a MacArthur who believed that a little socialism was needed to combat resurgence of fascism. Yet in the 1980s leftist faculty found all sorts of things the Japanese themselves wanted to get rid of to try to impose on us. Do these gurus today apologize now that Japan is in trouble? No, they seek to have us emulate communist China, or the "knowledge" feudalism of the university. Wait, didn't the university-style environment they promote cause Arthur Andersen and KPMG so much trouble? Did they ever tell you that large USA made cars weren't the problem in the 1970s, but that gas prices made consumers buy smaller USA-name cars made with defective Asian parts and yet somehow the peaceniks who rebelled and bought "pacifist" Japanese cars turned this into something else. The Japanese were only good at upfront quality, because to lose face also lost head, but USA quality was broken-in quality and lasted longer after a few upfront glitches. Also, as USA education was deteriorating, our mechanics weren't telling us the reason they preferred foreign cars was because they had no clue how to upkeep the computerised USA 1980s carborateurs. Now, as customer service has become automated and effectively plummeted to 1970s levels, did anyone mention it was caused by the petroleum inflationary environment, and the excellent customer service of the 1985-95 era was due to low inflation, as inflation is intimately involved with mass paranoia and irrationality? They believed what they were doing and who they were was somehow so sacred, "situation ethics" breaking the rules didn't matter. His is what Ollie North did, this is what Watergate did, this is what the Warren Court begat. Blame LSD, JFK and the Beatles. And BTW, Bush/Cheney actually reversed the course of energy prices that Albut Bore and his varmit mentals had messed up (with all the regional blending rules that today hamper liquidity) and this actually CAUSED Enron to go under. If anything, Bush crashed Enron. Not exactly, because he just caught them with their pants down.