MBAs are haunted by the thought that the tag really stands for Mediocre But Arrogant, Mighty Big Attitude, Me Before Anyone and Management By Accident. For today’s purposes, perhaps it should be Masters of the Business Apocalypse.
Harvard Business School alumni include Stan O’Neal and John Thain, the last two heads of Merrill Lynch, plus Andy Hornby, former chief executive of HBOS, who graduated top of his class. And then of course, there’s George W Bush, Hank Paulson, the former US Treasury secretary, and Christopher Cox, the former chairman of the Securities and Exchange Commission (SEC), a remarkable trinity who more than fulfilled the mission of their alma mater: “To educate leaders who make a difference in the world.”....
Given the present chaos, shouldn’t we be asking if business education is not just a waste of time, but actually damaging to our economic health?
If doctors or lawyers wreaked such havoc in their own professions, we would certainly reconsider what is being taught at medical and law schools.
Amen!
Read the entire piece in the Times (London). BTW, the author of that commentary, Philip Delves Broughton, is a class of 2006 Harvard MBA, and the author of What They Teach You at Harvard Business School, published by Viking
Thanks to my favorite site: A&L Daily
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