A commentary on the motives that are encouraged at today's business schools who had best rethink their curriculum and culture of educating bright young business people. In my opinion the schools are a significant driver of today's fiscal mess.
"Indeed, we have arrived at a point in history when grooming leaders capable of creating, building and growing sustainable enterprises is no longer the central objective of the nation's premier academic institutions. Furthermore, rather than reinforcing a leadership-driven value system, business schools today promote a value system driven by avarice and opportunism.
The finance and consulting industries are full of people with MBA degrees who have never "done it before" but reap grandiose salaries by moving money from here to there, or by dispensing high-level, arm-waving "advice" that is hardly actionable or rooted in practicality.
Judy Estrin, one of Silicon Valley's beloved entrepreneurs, is also troubled by this phenomenon. In her new book Closing the Innovation Gap, she points out the same problems around short-term thinking, opportunism and unbridled gold digging that has taken control of some of the most promising young minds of America."
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