The predominant reason why most CEOs/COOs rise from the ranks of Accounting is because of the prevailing management model: the Financial Paradigm. We have been in its grips for a long while now, but thankfully it is a failing paradigm. For me, it can't die fast enough!
When a Quality Paradigm replaces a failing management model, we will see Quality professionals rise to the ranks of COO/CEO. Until then, Quality rides in the back seat, and with it, the Quality professional.
If Harry S. Dent is right, the end of the Greatest Boom will occur in 2009, and money will be very tight. As such, we will see a resurgence of Quality and perhaps with it, the rise of Quality professionals. Until the market perceives the need for Quality (in Bull market, Quality gives way to 'making money' any fashion you can), we will continue to hear about the Enrons of the world turning up short, in of all places, the Accounting department. Makes you wonder how this can occur with such Financiers of supreme stature at the helm? Simply: they knew about the criminal activity, they just turned their head and stuck out their hands for a huge payday! I hope they burn for it and end up penniless!! They destroyed many, many lives.
Good topic, tarheel! And a Happy Birthday to you!!
Kevin