Is Wharton Evil?

There is an over-the-top essay-length rant in the current Philadelphia Magazine about the evils of MBAs and, specifically, Wharton’s biz school. It contains some juicy anecdotes, but I’m not sure it moves the ball far on the whole discussion of how to improve MBA programs — but it is worth reading:

For decades, Whartonites had gathered on Thursday afternoons (there are no Friday classes) for a prolonged on-campus happy hour “Pub” attended and staffed by MBAs; in February, however, an MBA imbibed so much that he passed out and had to be hospitalized. The ensuing investigation by the school’s risk management department yielded some sobering findings — namely, that Pub managers were paying themselves $31.25 an hour. “In the era of Dick Grasso, the one lesson we should all learn is that executives should not set their own compensation,” Dean Jain drily opined in the Wharton Journal. [Courtesy of IP]

Related posts:

  1. Laptop LCDs are Evil
  2. Canada as Evil Offshoring Country
  3. Physicians are Evil Venture-Fund-Loving Money-Grubbers
  4. Henry Mintzberg: MBAs Aren’t Fit to Manage

Comments

  1. Is Wharton Ruining American Business?

    Apparently this article caused quite a controversy back in Philadelphia and on web forums.
    Is Wharton Ruining American Business
    No big thesis this time just some thoughts
    1. Looks like the author simply cut and pasted from editorial pages of the…

  2. bill says:

    I prefer ‘professional sociopath’
    Naw…it isn’t about good or evil. It’s about flexability. Exclusive application of evil would be inefficient use of resources when strategy dictates good action for optimum results. An amoral position is best.
    C’mon, as an investor, do you really want people who automatically restrict the number of options [beyond the legal] executives explore in decision-making?
    My contempt is reserved for those who blissfully reap the captial gains, but can’t handle the truth
    MBA