<p>It is ridiculous to blame b-schools for the breakdown in the financial system. The lead in to the NYT article was so pointless it must be restated agan just for fun.</p>
<p>"John Thain has one. So do Richard Fuld, Stanley O’Neal and Vikram Pandit. For that matter, so does John Paulson, the hedge fund kingpin.</p>
<p>Yes, all five have fat bank accounts, even now, and all have made their share of headlines. But these current and former giants of finance also are all card-carrying M.B.A.'s."</p>
<p>Most top management at all types of Fortune 500 companies have MBAs. It is not unique to the financial sector. </p>
<p>Most importantly, why were hedge funds and banks hiring so many MBAs. The CFA certification is much more applicable to their business models than an MBA. These guys are not running businesses, they are running money. Two very different things.</p>