Deming on the Financial Crisis From Beyond the Grave

Tell me these aren’t relevant. Tell me it isn’t like a summation of Wall Streets mistakes leading up to 2008. Deming died in 1993.

Deming’s 7 Deadly Diseases of Management*

1. Lack of constancy of purpose
2. Emphasis on short term profits
3. Evaluation of performance, merit rating or annual review
4. Mobility of top management
5. Running a company on visible figures alone
6. Excessive medical costs
7. Excessive legal damage awards swelled by lawyers working on contingency fees

*http://en.wikipedia.org/wiki/W._Edwards_Deming