Daily Archives: March 20, 2009

On the Meeting of the Business School Deans in a Closed Room

I have heard a rumor, though I’m confident it is a fact, that someone recently invited the Deans and senior professors of the world’s major business schools to a one-day closed meeting in a nearby state.

Here is what I was told, presented in the format of a Q and A:

Q1: Why did they come?

A1: They know that the ONLY thing heading south faster than the Dow is the value of MBA degrees from their institutions.

Q2: What public action did they feel obligated to do? Hint: None of them have.

A2: Apologize for training the generation of graduates of their schools who were so effective at using the education they received that they almost destroyed the world economy.

Q3: What is their biggest problem going forward?

A3: They know they will have to rebuild their curriculum, and their faculty, from the ground up, and that will take at least a generation.

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