Yep, absolutely correct. Well, save for Nike, which was founded by an MBA. Oh yeah, and Apple, whose CEO has an MBA and was personally selected by Steve Jobs. Well, now that I think about it, Meg Whitman, the current CEO of HP and former CEO of eBay has an MBA. And wasn't Bonobos founded by a Stanford MBA? I think Birchbox was born by a group of MBA's as well.
Except for those and probably thousands of other exceptions, your logic is water-tight and well-reasoned. Kudos, sir.
Either it is a meritocracy for them, in which case we can draw some really nasty conclusions using people like Sculley, or they aren't operating in a meritocracy, which jives with the other accusations leveled at them....
Yeah, we're in the middle of a massive bull run which has swelled every company in my portfolio like a balloon. And the correlation between stock price and awesome company in the short run is really really tenuous. Many of the less savory leaders out there have a penchant for making short term profits look awesome by killing off investment in long term prospects, and the market eats it up.