It's weird for me to hear all these stories about MBAs. While I'm not an MBA myself, I was in investment banking and planned to get an MBA before I left finance and did something else instead.

I regularly pay engineers more than I pay myself as a CEO (granted: I am not really interested in draining the company's coffers for my own benefit, since I have equity). It just seems obvious that, at the end of the day, so much of the business's success turns on the engineering quality of the product, of the production lines, of the efficiencies, of the final delivered product quality.

While I take time to try to understand engineering issues, I am not an engineer by training and recognize that these people are much, much better at it than I am. So it's strange to see all these MBAs -- the types of people I used to work more closely with -- simply not get it. In most industries, you simply can't paper over operational and engineering incompetence with a slick marketing plan. So you need great engineering and operational chops. For many industries, more than a slick marketing plan.