In the News

Dwindling Prophets

Celebrated as hotshots of the business world in the go-go ninties, MBAs aren't getting as much respect nowadays. For this fall from grace, blame ethical lapses and their preoccupation with boosting stock prices.
Monday, November 1, 2004
by Robert Reed

. . . What's more, the MBA programs know they are filling a market demand. Investment banking and consulting firms want them to keep churning out bright, energetic graduates with expertise in finance. To ensure that they do, those employers come bearing gifts as significant donors to business schools, pumping in millions of dollars. "As with anything else, follow the money," says , a Chicago lawyer and financial adviser who has taught a graduate business class in entrepreneurship at UIC. . . .

. . . Another stinging criticism: For people who live and breathe business, MBAs make crummey entrepreneurs. Critics like to point out that breakthrough companies, like Microsoft and legions of other technology concerns, were launched not by MBAs but rather by gutsy mavericks who took chances and colored outside the conventional corporate lines. "You either have it or you don't," says , who adds that even the most brilliant entrepreneurs would profit from mastering the disciplines and skills offered in advanced business classes. . . .


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