Clayton Christensen: How MBA-driven Profit focus is Killing the U.S. Economy
The root cause of the problem is the separation of ownership from control. This lead to the rise of the class of "professional managers", whose interests are intrinsically short-term. In the times when American wealth was created, the owners called the companies with their own names: Boeing, Ford, and MBAs did not exist. Their interests were to pass the earned wealth to their children. The historical mission of the MBAs and the professional managers is to dismantle the salvageable assets and sell them to more vibrant economies.