The old establishment run corporations have been told the same thing over and over [and over and over] by these gung ho young analysts who have an online MBA in hand...
textbook thinking cannot be applied in practice and almost certainly does not work in all corporations. Take Berkshire Hathaway, people have been beating the drum on the lack of corporate governance principles; tight board, no board turnover; old age board; disclosure issues.. blah blah blah....
I wouldnt bother with getting an explanation as at most you will probably get some "wiki-MBA" type response...
dui - one of the lowest ranked companies , page-5
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