"Car Guys vs. Bean Counters: The Battle For the Soul of American Business"[1] by Bob Lutz tells this story really well, from Lutz' vantage point trying to salvage General Motors from the clutches of an army of MBAs.
There's a decent summary of the book (and the general problem) in the 2012 Time article "Driven off the Road by MBAs"[2] as well.