I have been reading the comments and what I find more interesting is that the theme appears to be that we are allowing people with nothing more than a BA in finance or business to direct these companies.
If one has to possess a more difficult BA degree (and yes I have found accounting/finance, economics, and management easier than software engineering) or higher to obtain an Executive level IT position, should we not require a PhD in business coupled with at least a BA in the subfactors of the line of business, i.e. finance, economics, and IT, as the minimum for a CEO that makes millions a year?
I have friends who have a PhD in theoretical mathematics, something you would think even technology companies would die for, that can not make more than $55K a year!! I also think Universities and Colleges should be regulated as to the degrees they are allowed to offer, if there is no market or future for a degree, then they should not be allowed to SELL their services of teaching in that area, even if the time period is limited. For instance, a few years ago I know there was no market for MIS degrees, yet many people at my work were in school for the degree; they were being lied to and ripped off by the Universities. While I am on the subject of Universities, should not every instructor, whether a PhD, a grad student, or an adjunct, be required to pass courses created by the Education Department so the University can ensure these instructors are even teaching properly?