genXslacker
Well-known member
The management consultant vultures and MBA types* just don't seem capable of running a business that just...sells a product people love. There's always an acquisition to make, a new market to expand into, bonuses to dole out to the c-suite, etc. And when every exec is just a slight variation on the same finance/tech-pilled doofus in a vest, every company turns into the same cynical value-extraction machine.
One of the saddest parts is that they've done it twice now. CBS bought them in 1965 and quality went down hill fast. A group of Fender employees then bought it from CBS in the mid '80s and busted their asses to right the ship and put out quality products again, and least for the Fullerton guitars.
It's the enshittification cycle of capitalism*. Somebody makes a name for themselves by developing a high-quality product that the public establishes a track record of paying good money for. Then a group of douchebags from Connecticut notices all that money flowing into the company and they buy it up for the name and good will... knowing it will be a long time before the general public notices their only plan to improve the bottom line is to decrease expenses by sacrificing quality.
*the worst economic system there is, except for all the others.