The Decay in Quality

[Jim Wynne]

Write it down because he uses it a lot.

Only when necessary.

 

[John Broomfield]

Decades of low interest rates (caused by QE) attempted to correct the consequences of irresponsible subprime mortgaging in the 1980’s.

Zombie companies found they didn’t need to do much to yield a better return. Easy money may have reduced their cost of quality but we are now seeing a shake out caused by interest rates returning to the norm.

I expect survivors mainly to include those organizations that continued to effectively manage the quality of their services and their products.

 

[Ed Panek]

I recently watched a video regarding sociopathic and psychopathic personality disorders. One thing that stuck out to me is the part of the brain that connects behavior to punishment is not developed. In other words, punishment has little impact on them. Its why sociopaths released from prison have a ridiculously high reincarceration rate.

On the other hand these people are highly charming and fully rational. They tend to make great CEOs and are able to make major changes without any regard to suffering. I suspect CEOs of banks tend to get there for this reason.

 

[Wearerofmanyhats]

I had to look up tautology. Thanks Jim.

boy, that sure brought me a few moments of joy. My personal faves so far "assless chaps, former alumni".

 

[Matt's Quality Handle]

Decades of low interest rates (caused by QE) attempted to correct the consequences of irresponsible subprime mortgaging in the 1980’s.

...Quantitative Easing?

I'm thinking "What did Quality Engineers do to lower the interest rates???"

 

[Sidney Vianna]

They tend to make great CEOs…

But not so great lead auditors. A few of them become legends in their own minds.