Now comes Via Media with a variation on the same theme.
The rise of business schools in America led to greedy CEOs milking their companies for multimillion dollar benefit packages, to weird financial market transactions that took down some of the biggest names in American business, and to one destructive management fad after another that left dozens of American companies as hollowed out shells. Business school grads also pioneered exotic new tax dodges that helped bulk up the federal deficit, to say nothing of the kind of corporate ruthlessness that hollowed out the US industrial base in record time.The accompanying comments include a suggestion that, as with anything else that seems promising, there are tradeoffs.
With Asia now looking to follow this path, Americans can relax: Asia won’t be eating our lunch anytime soon.
The next step? We need to sell them on the need to build law schools. Lots of them.