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News, feeds, reads. Upper Mismanagement. One of the themes that came up while I was profiling White House manufacturing czar Ron Bloom earlier this fall was managerial talent. A lot of people talk about reviving the domestic manufacturing sector, which has shed almost one-third of its manpower over the last eight years. But some of the people I spoke to asked a slightly different question: Even if you could reclaim a chunk of those blue-collar jobs, would you have the managers you need to supervise them?

It’s not obvious that you would. Since 1965, the percentage of graduates of highly-ranked business schools who go into consulting and financial services has doubled, from about one-third to about two-thirds. And while some of these consultants and financiers end up in the manufacturing sector, in some respects that’s the problem. How did we get to this point? After World War II, large corporations went on acquisition binges and turned themselves into massive conglomerates.

Noam Scheiber is a senior editor of The New Republic. Humour. Data deluge will reboot our brains. Senator Durbin on H-1B, Abuse, Outsourcing and Trading People. Secret copyright treaty leaks. It's bad. Very bad. Boing Boing.