Who's the most stupid ? Well, everybody has it's share of dumbness. Nobody's perfect, you know.... .Sorry to remind you !
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Please, do not forget the consulting companies who gave the terribly stupid advice of injecting money in airlines that couldn't make any (...money) unless you fired almost everybody and started almost from square one. Those guys who consider themselves competent in any sector and judge you according to what their Excel sheet says are rulling our small world. . . <img src="mad.gif" border="0">
Would you like to have a name ? I know at least one: Andersen Consulting. Yeah, the same company that made a mistake of 790 million euros in NASA's financial report, who gave a "buy Enron!"-advice up to four days before they went bankrupt, who certified all the documents released by Enron, and who even destroyed some compromising documents for Enron.
How come ? Well, companies are now hiding behind piles of paper and if you want to know the truth about them you'll have to digest all the complex paperwork they throw at you (which does not always contain first quality information). Who has the time to do that ? Nobody !
So, how do they know if a company is really healthy ? Well, they don't. They have to rely on what they get, in private, on golf courses. And I don't think they even really care. As long as their services are paid, why should they ?
Yeah, but somebody had to know what was going on, why didn't he say anything ? Because if you publicly criticise a company they'll send you in a kind of gulag where you won't be able to keep track of all the gossip and where you won't make any money.
And where were the journalists ? At the bank, taking money from the companies they're supposed to keep an eye on. Even a small article was paid up to 57.000 euros.
Is it going to change ? Nope, not before a few managers and CEOs go to jail for 20 years.
There was a guy from Swissair (board member, I think ?) who said this big adventure suggested by Andersen would be the death of the company. His friends from management fired him right away !