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Elon Musk provokes heated debate on corporate strategy after lamenting ‘MBA-ization of America’

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Tesla CEO Elon Musk has once-again inflamed passions on social media, this time for suggesting that over-educated executives were ruining American business ingenuity.

While addressing the Wall Street Journal’s CEO Council annual summit, Musk took aim at the prevalence of MBA (Master of Business Administration) holders among business leaders, arguing that their textbook-based approach was stifling creativity and innovation in the workplace.

“I think there might be too many MBAs running companies,” Musk said. “There’s the MBA-ization of America, which I think is maybe not that great. There should be more focus on the product or service itself, less time on board meetings, less time on financials.”

Twitter and Facebook users applauded Musk for calling out the stale, uninspired aspects of corporate culture. One reply argued that former Apple CEO, the late Steve Jobs, became a tech visionary by embracing a similar skepticism of the status quo.

An observer on Facebook praised the SpaceX founder for blowing the whistle on educational institutions which rake in cash with their lucrative MBA programs.

“So spot on here. Universities have sold the world on the need for MBAs primarily because they are so profitable for the Universities not because they create some disproportionate value,” read the supportive comment.

Elon Musk joins California exodus, moves his personal residence to Texas after clashing with Sacramento over Covid-19 restrictions

Not surprisingly, many others took issue with the remarks, noting that there was a reason why the business management degree is globally recognized and sought after.

“Too may surgeons operating in hospitals too…give other people a turn on the scalpel!” read one facetious reply.

Others were equally unimpressed by Musk’s insights.

https://twitter.com/olivierlandry/status/1336842480579448832?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1336842480579448832%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.rt.com%2Fusa%2F509242-musk-tesla-mba-business%2F

The entrepreneur was also accused of taking government handouts and trying to avoid taxes, arguing that such business practices disqualify the billionaire from lecturing executives.

Musk was also encouraged to take his own advice. A reporter for CNBC created a list of Tesla board members who hold MBAs.

The businessman also announced during the online summit that he had moved his private residence to Texas, complaining that his former home state of California had become “too complacent” and “entitled.”

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Ohio chemical disaster may hold long-term health risks – experts

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East Palestine residents remain “in constant contact” with toxic pollutants, a US scientist says

The pollutants in the air of East Palestine, Ohio, may pose long-term health risks, scientists from Texas A&M and Carnegie Mellon University claimed on Wednesday. Their assessment contrasts the US Environmental Protection Agency’s (EPA) assurance that the pollution does not pose an immediate health risk.

Dr. Albert Presto, an associate research professor at Carnegie Mellon University, told CNN on Wednesday that the situation in East Palestine was not an “immediate health concern” but that it could still pose long-term risks as the researchers had no way of telling how long the hazardous chemical concentration would persist. He added that the residents of the city were in “constant contact” with the pollutants and there was no clear understanding of what that level of exposure would mean for the population’s health.

The air in the Ohio city was contaminated in early February, after 38 cars of a Norfolk Southern freight train derailed and spilled out the hazardous materials they were carrying. The accident caused a fire that went on for multiple days and intensified the airborne spread of the chemical pollution, causing a mandatory evacuation of the nearby residents. The EPA has been conducting various tests and measurements in the affected area, claiming there was no immediate risk to the local population.

Another train derails after Ohio chemical spill

Texas A&M and Carnegie Mellon presented their independent assessment in a Twitter post last week. The scientists claim to have used data compiled by the EPA and found that nine of the 50 chemicals found in East Palestine’s air were above the norm for the region. In particular, the report singles out acrolein, a toxic substance used to control plants, algae, rodents and microorganisms.

The EPA responded to the claims in the report from the two universities by dismissing the perceived risks. A spokesperson for the agency told CNN on Monday that the report assumed “a lifetime of exposure, which is constant exposure over approximately 70 years” for the harmful effects to manifest. They added: “EPA does not anticipate levels of these chemicals will stay high for anywhere near that.”

Dr. Ivan Rusyn, the director of the Texas A&M University Superfund Research Center and part of the team that did the analysis, told CNN on Wednesday that “all sides were right” as both parties simply needed to keep monitoring the situation and “do a better job communicating the results.”

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Seismologist behind Türkiye quake prediction issues another warning

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Dutch seismologist Frank Hoogerbeets, who rose to international prominence after predicting the devastating earthquakes in Türkiye and Syria last month, has said that the world could be hit with another major quake in the coming days.

Hoogerbeets, who makes his forecasts based on the motions of celestial bodies, published a video on YouTube on Monday in which he warned that “the first week of March is going to be extremely critical.”

“A convergence of critical planetary geometry around March 2 and 5 may result in large to very large seismic activity, possibly even a mega-thrust earthquake around March 3 and 4 and/or March 6 and 7,” the description to the clip read.

In the video itself, the seismologist claimed that the power of the supposed impending quake “may be well over 8 magnitude.”

The affected area could stretch thousands of kilometers, from the Kamchatka Peninsula and the Kuril Islands in Russia’s Far East, all the way down to the Philippines and Indonesia, Hoogerbeets said.

Costs from Türkiye’s massive quake rising

“I’m not exaggerating. I’m not trying to create fear. This is a warning,” insisted the scientist, who works at the Solar System Geometry Survey (SSGEOS).

The head of the Kamchatka branch of the Geophysical Survey of Russia’s Academy of Sciences, Danila Chebrov, has questioned Hoogerbeets’ predictions and described him as an “amateur.” The connection between the movements of the planets in the solar system and seismic activity on Earth “is rather weak, and it’s problematic to use it as the main prognostic tool,” Chebrov explained.

On February 3, Hoogerbeets issued a tweet that read: “Sooner or later there will be a magnitude 7.5 earthquake in this region (South-Central Turkey, Jordan, Syria, Lebanon).”

Three days later, a 7.8 magnitude quake struck Türkiye and Syria. The disaster has caused the deaths of more than 50,000 people, with powerful aftershocks continuing in the region to this day.

Dutch seismologist Hoogerbeets has made predictions down the years which didn’t come true. Commenting on his work earlier this month, Susan Hough of the US Geological Survey insisted that no scientist has “ever predicted a major earthquake.” Hough told NPR that the spot-on forecast for the quakes in Türkiye and Syria was just a coincidence. “It’s the stopped clock that’s right twice a day, basically,” she said.

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Turkish quakes may be ‘rehearsal’ for big one in Istanbul – scientists

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A local newspaper cites experts warning of a potential catastrophe if an earthquake hits the country’s biggest city

Istanbul should prepare itself for a powerful quake, scientists and public figures have warned. This month’s disaster in southern Turkey, which claimed tens of thousands of lives, is a “rehearsal” for what could come next, they argued in the newspaper Hurriyet on Friday.

When the next Istanbul earthquake happens, the damage “will swallow everyone,” unless people drop their differences and work on improving the seismic resilience of the city, Turkish author Nedim Sener wrote.

He cited a risk assessment by Bogazici University’s quake research lab, which counted how many buildings would be impacted by an earthquake of 7.5+ magnitude in Türkiye’s most populous and economically vital hub. With almost 13,500 structures expected to be heavily damaged, and hundreds of thousands of others affected to a smaller degree, the loss of life would be greater than what the country has just experienced, Sener predicted.

Some Turkish officials, including Istanbul Mayor Ekrem Imamoglu, have voiced similar concerns. The head of the city administration said 90,000 structures were at risk of total collapse in case of a major earthquake, citing a fresh survey by his municipality.

Cost of Türkiye quake damage estimated

Speaking in a TV interview this week, Imamoglu criticized the central government for issuing an amnesty to some 317,000 buildings which failed to meet earthquake resilience codes. It meant that the owners were allowed to pay a fine rather than demolish their properties.

Istanbul is located near a tectonic fault line that passes under the Marmara Sea. The 1999 quake in Izmit, which killed over 17,000 people, struck some 80 kilometers east of the city center, and half that distance from its easternmost suburbs.

Turkish Seismologist Naci Gorur, from Istanbul Technical University, warned that the risk of a major quake hitting Istanbul in the near future was growing. The probability of a tremor measuring over 7 magnitude occurring near the city within 30 years has increased from 62% in the aftermath of the 1999 disaster to 80% now, he said during a TV appearance. The scientists cited calculations by Tom Parsons, a fellow researcher at the US Geological Survey.

The twin quakes on February 6 caused massive devastation in Türkiye and northern Syria. Their combined death toll is estimated at around 44,000, including over 38,000 on the Turkish side.

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