Education should not be considered more valid than Experience

When are companies going to realize that just because you have a degree does not automatically mean success in the workplace? There are mid level managers where I currently work that do not even bother to show up a lot of the time and are most likely paid quite well. How much money are companies losing over this philosophy that education automatically equals results. Those of you in the workplace for very long have likely had similar observations. I am not saying that everyone with a higher education does not product results or has attendance issues. But again in my many years in the workplace I have seen example after example that it does not always equal the best outcome.

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