For most of my career, being an EE has been fun and rewarding. Can't say that for the last year. I was sold to an Indian outsourcer. The company's US president (Indian) was arrested and pleaded guilty to child solicitation. The company didn't fire him. Management says that any India engineer can do my job for 10% of my pay. Really? We had to hire a bunch to replace the US engineers that were laid-off, and I can't get much out of them. Most of our benefits are gone. Good thing this is the year I planned to retire.
Glen...your first comment is spot-on... why is it so many non-tech managers suffer from a combination of stupidity, greed and arrogance?
Re the 2nd story, I had a friend who told me an almost identical story...wouldn't have been a Canadian microwave company by chance, would it?
Many years back I worked for a company with a similar happening. The company was founded by a financial guy and a technical genius, and grew very profitable.
Then the technical genius developed a "secretary problem", his wife found out and sold her shares to the financial guy, and the technical founder was ousted. From that point onwards the company spiraled into bankruptcy.
Technical companies need to be run by technical people who comprehend what the technical is all about.
My previous job at a company that has made a tremendous negative change in itself, was up until the last three months the very best job ever. I was the engineer supporting the research scientist developing a new product for an existing application. WE were a great team, and the folks around us working on other projects were good engineers also, which allowed for some great exchanging of thoughts during our breaks. I got to do all kinds of creative stuff, both electronic, electrical, and mechanical. It was a job that I looked forward to every morning. Then a new top manager was appointed, an individual devoid of engineering knowledge, a book MBA, I think. That ruined everything for almost everybody. The culture that had made the teams so great was destroyed. Most of the good engineers left the place, and most of the rest of the team as well. Our project was cancelled, even though we had customers eagerly waiting to buy the new product as soon as it went into production. But for almost three years it was a great job.