I'm a software dev with an MBA, and yes, my classmates were very much "our job as managers is to make the minions work harder" [0] so I'm equally OK with the MBA slur.

I struggle trying to educate people that the best way of measuring developer productivity is measuring outcomes, and that a developer going for a walk in the park is a great thing for them to do.

[0] In Australia, where management is generally still locked into 1950's-style authoritarianism. YMMV.