Peter Drucker dies

"Father of modern management" was 95. The Times has some representative quotes:

¶"Marketing is a fashionable term. The sales manager becomes a marketing vice president. But a gravedigger is still a gravedigger even when it is called a mortician - only the price of the burial goes up."

¶"One either meets or one works."

¶"The only things that evolve by themselves in an organization are disorder, friction and malperformance."

¶"Stock option plans reward the executive for doing the wrong thing. Instead of asking, 'Are we making the right decision?' he asks, 'How did we close today?' It is encouragement to loot the corporation."