GVTucker, <<<I'd disagree strongly with that assessment. In fact, Wall Street has usually been at the forefront of adopting newer technologies over the past decade rather than bringing up the rear.>>>
That may be one of the problems. The new technology does not fit their needs. Making the ATM's work better doesn't require newer technolgy. It requires making the old technology work better.
<<<It makes great press to bash the bean counters and MBAs, but I just don't see any correlation between number of bean counters and adoption of new technology>>>
The pendulum has swung too far. We have given too much power to bean counters and MBAs. These people can't produce or create anything, all they can do is leverage off of other people's efforts. Their notion of adopting technology is also to try to get something for nothing - get as much out of it as possible - without putting any real effort into adopting and adding value to the the new technology.
Bean counting and MBAing is also a bubble - another version of the greater fool theory or Ponzi Scheme.
You can get away with this type of philosophy for only so long.
<<<. Heck, the corporation with the most bean counters on the planet, GE, is probably one of the most advanced when it comes to technology. And Jack Welch is a bean counter deluxe. Heck, Six Sigma is all about counting beans. But Welch hasn't let GE fall behind, primarily because he is a great visionary, too. >>>
Neutron Jack got his Phd in Chemistry from the University of Illinois, but I agree most of his success have to do with finance and not having anything to do with making a better light bulb. IMO, there is a lot of hubris here. We shall see what his legacy will ultimately be.
How many people can Jeff fire? Can Jeff leverage things in the same way?
Mary |
