Kevin “Mr. Wonderful” O’Leary was pontificating on CNN about Elon Musk cutting government departments blindly, and he said they should cut another 20% more. His claim was that when businesses are failing and get bought out, they go through and cut cut cut personnel, and the companies end up better for it. It works out.
This is incredibly tone deaf - it misses that corporate bigwigs merging/buying out companies in order to downsize them are already a trope for the bad guys in movies.
It isn’t applicable because making any change is likely to improve a failing business, and the US was not failing (though it soon will be).
And it ignores that that is exactly the process that took Boeing from one of the most safety conscious corporations in the world to having airplanes fall out of the sky.
McDonnell Douglas bought Boeing and canned all the Boeing execs with the Boeing culture. This is the trigger point for Boeing’s woes. Burying the software change in the 787 max autopilot to save money on training pilots and recertification costs was directly counter to the way the old Boeing would have worked.
Shitcanning the people who know what they are doing may eventually lead to a failing business getting better, but only once the new people learn how to do it or hire people who do.
I can see why he’s the least favorite Shark on Shark Tank.