Some investors went so far as to say Verizon's investment in FiOS "doomed"
the company, while others just claimed it was a huge waste of money -- and
that upgrades weren't necessary. Yet ironically FiOS (alongside wireless)
is helping Verizon weather the recession...
Were these the same business advisors who told us there was a bright
future in hedge funds and derivatives?
The more the world is run by "invertors" and MBAs who don't know which
end of a screw driver they are supposed to hold on to, the worse the
descisionmaking gets.
Barron's is bullish on Verizon this month; says outlook is good. Rumor
is iPhone on VZ,
http://blogs.barrons.com/techtraderdaily/2009/02/23/apple-to-launch-iphone-on-verizon-wireless/trackback/.
Verizon claims that they will save $1 billion when FIOS is fully rolled
out. Does this mean that they will lower the price for FIOS then? Or the
fat cats get bigger bonuses?
I've been saying for years that an MBA isn't worth anything except the
paper it's written on [and I was a recruiter for a university with a
business school]; an MBA is not much more than hazing. Several years ago
Harvard considered only accepting students for MBA if they had a
sci-tech background and experience and avoiding anyone coming directly
from biz school with an undergraduate biz degree. They should have done
that, or eliminated the MBA altogether in favor of advance study and
experience in each individual discipline.
If the "best and brightest" of MBAs on Wall Street and in corp bd
rooms--Masters of the Universe--NOT--got us into this mess, fire most of
them, and make the rest live on less than $100,000 and no bonuses,
especially when their companies tank.
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