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Excellent summation!  Thank you for sharing the truth. 


Indeed gets to the root of things:  a cascade of atrocious management behavior. Pierce set the tone and promoted the whole "never ending people's revolution" circus. Leadership lessons straight from Kim Jong-il.  I'm glad the Swiss saw through the smoke and mirrors ultimately. 


A tragicomedy could be written about the surreal antics and bloated narcissists who paraded about the organization for years under Pierce's banner.  Simply, Pierce was a mediocre, sycophantic politico who wasted hundreds of millions of dollars and dispirited legions of talented and bright people.  He did certainly believe in himself, though, so let's give him that...