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June 16, 2006
MBAs are Evil
Okay, MBAs aren't really evil, at least not all of them, but this story still got my attention:Last fall, Bentley College management professor Tony Buono taught a class on corporate scandals with colleagues pitching in from finance, accounting and even the philosophy department. The four picked through the cases of Enron, WorldCom, Tyco and Shell.Lots of people think business can't be taught. Apparently it can -- or at least some unsavory parts.
At the end of the semester, the number of students in a simulated trading room who were caught in misconduct or misusing information for insider trading was significantly higher than at the beginning.
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It is disturbing how MBA's seem to be at the forefront of American crime. Forget the data just the way they operate tells you everthing. Everything is about tricking someone out of their money. The softeware is about hiding discrimination. Protecting a company from getting sued for wrongdoing an employee, our environment, or their competitors. Maybe that is the game of life buy why damage a schools reputation by cloaking yourself in their degree and operating like Willie Sutton. As least Willie wasn't a coward.
being an MBA with a chemistry degree I would say that the data from this "study" is probably skewed since the participants likely cheated more as they got more confortable/frustrated/aquainted with the simulation...