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<blockquote data-quote="Bagels" data-source="post: 1189008" data-attributes="member: 43436"><p>I don't disagree that the "Old White Men's" club exists, and that they get to decide who joins and who doesn't. More than 80% of all executive management types in this country were members of a fraternity/sorority in college. And if you didn't graduate from Harvard, UCLA, Penn State (maybe your odds would be higher if Sandusky touched you!), etc. then your odds of joining aren't that great. But the stereotype doesn't extend to Scott Davis (like the guy or not). </p><p></p><p>But what do you think would happen if UPS were to hire young, cheap executive talent that went on to lead the company to record performances? Undoubtedly, they'd field offers from other companies -- at market rate -- and few would turn them down. Survey after survey among business students (especially those attending top-rated schools) shows that the golden handshake is the dream of most. Companies with revolving managerial doors are never successful, because it takes a unified visionary for long-term success. BTW, Scott Davis could be considered cheap young talent. And he's certainly stayed at UPS below market rate. Gotta wonder how many opportunities he's turned down in recent years.</p><p></p><p>(And FWIW, the science driving most modern businesses, including UPS, is increasingly strong implementation of cost accounting. Wall Street loves to see certain metrics, and as UPS is publicly traded, it has to manage itself somewhat for Wall Street. Like cost accounting or not, its success has been proven; in fact, most attribute the lack of understand of cost accounting as among the primary reasons small businesses fail.)</p></blockquote><p></p>
[QUOTE="Bagels, post: 1189008, member: 43436"] I don't disagree that the "Old White Men's" club exists, and that they get to decide who joins and who doesn't. More than 80% of all executive management types in this country were members of a fraternity/sorority in college. And if you didn't graduate from Harvard, UCLA, Penn State (maybe your odds would be higher if Sandusky touched you!), etc. then your odds of joining aren't that great. But the stereotype doesn't extend to Scott Davis (like the guy or not). But what do you think would happen if UPS were to hire young, cheap executive talent that went on to lead the company to record performances? Undoubtedly, they'd field offers from other companies -- at market rate -- and few would turn them down. Survey after survey among business students (especially those attending top-rated schools) shows that the golden handshake is the dream of most. Companies with revolving managerial doors are never successful, because it takes a unified visionary for long-term success. BTW, Scott Davis could be considered cheap young talent. And he's certainly stayed at UPS below market rate. Gotta wonder how many opportunities he's turned down in recent years. (And FWIW, the science driving most modern businesses, including UPS, is increasingly strong implementation of cost accounting. Wall Street loves to see certain metrics, and as UPS is publicly traded, it has to manage itself somewhat for Wall Street. Like cost accounting or not, its success has been proven; in fact, most attribute the lack of understand of cost accounting as among the primary reasons small businesses fail.) [/QUOTE]
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