<p>The CEO’s who ran the nation’s biggest and some of the most troubled banks and corporations were trained at some of the country’s top universities.</p>
<p><a href=“http://www.foxnews.com/story/0,2933,494445,00.html:[/url]”>http://www.foxnews.com/story/0,2933,494445,00.html:</a></p>
<p>Harvard: 11
Columbia: 6
Chicago: 4
Duke: 4
Stanford: 4
American University: 2
MIT: 2
NYU: 2
Tufts: 2
University of Iowa: 2</p>
<p>I really loathe their implication that a few alums of these top programs failed in difficult elite jobs, therefore “…community college is looking better by the minute.”</p>
<p>Aside from this being ridiculous logic, notice how their tally doesn’t differentiate between which degree a person got at a particular school - a bachelor’s and an MBA each count the same by their reckoning - and how their tally makes it sound like these people <em>only</em> went to their list of elite schools, despite the information to the contrary in their own article.</p>
<p>The business media has been terribly bored without any news out of investment banks to distort so they have to go find someone else to hate this week.</p>
<p>What, this doesn’t say, “You can graduate from these schools, be bad at what you do, and still make loads and wads o’ cash!”?!?!</p>
<p>:D</p>
<p>jessie - I concur that their reasoning is flawed, and it is a cheap shot at a group of very disliked people right now - Wall Street Bankers. </p>
<p>I do think, however, that the sense of infallibility and entitlement that obtains with many of our top MBA graduates is a problem. And that phenomena has caused in part some of our current economic disasters. </p>
<p>I am not sure how to address this, other than to state that the market will be imposing a very big correction upon them in the coming year or two.</p>
<p>Which med school did Octo-Mom’s physician attend? Why not vilify the entire field of reproductive endocrinology because of one PR seeking crackpot?</p>
<p>Dr. Michael Kamsava went to the U of Illinois undergrad and Case Western for medical school. And nothing he did reflects on those schools – just him as a shady individual!</p>
<p>Look at all of these politicians who forgot to pay their taxes. The Silicon Valley CEO’s were vilified after the dot com bust. The auto industry CEO’s and their private planes. Greedy Oil execs. </p>
<p>We’ve become a country waiting in the wings to applaud the come down of anyone successful.</p>
<p>What’s wrong with this picture?</p>
<p>All of those who took liar loans and really brought down the economy are presented as victims in the media.</p>
<p>hmom5–Denial is not just a river. Without the enablers who SHOULD have known better there would not have been liar loans and other nutty mortgage products.<br>
If “successful” is running what amounts to another giant Ponzi scheme with the next stupid buyer there to payoff the next to last one–yes they were successful. Now they belong in the public doghouse if not jail.</p>
<p>You should just watch “House of Cards” again and again until you get it.</p>
<p>I disagree. HBS constant focus on “best” practices ignores that in the good/better/best categorization, some practices may be legal or not. To me, too many of their graduates seem to think the H way is the best, no matter if legal.</p>
<p>What? FoxNews taking a shot at universities? The TERROR…</p>
<p>Puh-leez!</p>
<p>Barrons, just tell me if I’m right–you were rejected from a bank at a tender age and never got over it?</p>
<p>Notice that none of the scoundrels went to a UC. ;)</p>
<p>Hardly. Never had any interest in it. First you pretty much have to work in NY. Having spent my youth near NYC and considerable time visiting it I never had any desire to live there.<br>
I did have the unfortunate experience of actually working with some of these folks (All major firms in NYC) on projects ranging from underwriting REITs to asset sales and mortgages that were to be securitized. Their lack of professionalism and basic honesty was mindblowing. This was well before the current debacle. That’s why I have been a critic of the IBers well before the current problems–and why it did not really surprise me in the least.</p>
<p>The evil press continues to bash WS/IB.</p>
<p>[Bloomberg.com:</a> Opinion](<a href=“Bloomberg Politics - Bloomberg”>Bloomberg Politics - Bloomberg)</p>
<p>Being a very intelligent person does not correlate at all with being a very good person. In fact, my life experiences have lead me to honestly believe there is actually a slight negative correlation.</p>
<p>The Bloomberg article was written by such an amateur it’s truly amazing an editor didn’t stop it. There are much stronger stats to support the writer’s positions! He didn’t even bother to get current numbers!! 15% heading to Wall Street from top colleges which he thinks may be higher now? 33% was going to WS from MIT which had virtually no presence there when the number was 15% from Harvard.</p>
<p>Blossom, re: post #6…exactly!</p>