Getting My MBA at 48

A day of sitting on stand-by writing essays

So I have been sitting since 3:00 p.m. waiting to see if I would get called out for work. Luckily they haven’t called.

But I have been working on my homework since 10:00 a.m., the case 3 essay almost done, tomorrow I hope to have a good working copy then a revision and send it off.

It can be hard to sit and study, read and write when you would rather be out doing other things. But its all for the goal for June 2010.

Writing on corporate governance, is interesting because of what has happened in the last year to all these companies. To this economy and to people lives.

The mortgage industry is one that I don’t understand, how could everyone be letting so many people who couldn’t afford a mortgage have one. How could the managers and CEO of these companies allow things like this to happen except for greed and individual opportunistic motives.

The board of directors at some of these companies seem to be letting the kids run amok.

I also believe that it is the obligation of the board of directors and CEOs to take care of the stakeholders. But I for one like a few CEO out there that believe that if you take care of your number 1 asset, your employees they will take care of your customers which will take care your stakeholders (shareholders).

I also believe that a company should make a profit, but how much? at the cost of value? at the cost of employees? at the cost of creating value for your product? or at the cost of creating a quality, reliable product?

I also to believe that if the compensation given to CEOs is so much greater than the upper management there will be conflicts, also the same holds true when the CEO and upper managements compensations is grossly disproportionally to employees.

I see it at the company I work for where the employee at the bottom of seniority can qualify for food stamps, and yet management refuses to pay them. They even refuse to pay them the same as our counterparts which management say is contractual. But after 4 years a contract is no where in-site with our counterparts after the merger (reverse acquisition).

It is unethical for your employees to to be applying for food stamps while you as the CEO and your stakeholder are making money.

But I like learning and what the books have to say and see what happens in real life.

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