Harvard’s masters of the apocalypse If his fellow Harvard MBAs are all so clever, how come so many are now in disgrace?

Harvard’s masters of the apocalypse

If his fellow Harvard MBAs are all so clever, how come so many are now in disgrace?

f Robespierre were to ascend from hell and seek out today’s guillotine fodder, he might start with a list of those with three incriminating initials beside their names: MBA. The Masters of Business Administration, that swollen class of jargon-spewing, value-destroying financiers and consultants have done more than any other group of people to create the economic misery we find ourselves in. From Royal Bank of Scotland to Merrill Lynch, from HBOS to Leh-man Brothers, the Masters of Disaster have their fingerprints on every recent financial fiasco.
I write as the holder of an MBA from Harvard Business School – once regarded as a golden ticket to riches, but these days more like scarlet letters of shame. We MBAs are haunted by the thought that the tag really stands for Mediocre But Arrogant, Mighty Big Attitude, Me Before Anyone and Management By Accident. For today’s purposes, perhaps it should be Masters of the Business Apocalypse.

more…

I attended a highly-regarded private school for a master’s degree in systems. Some MBA candidates took some of the courses we did. I can remember one of them telling us that they were taught anyone can manage with good information, a good manager can manage with incomplete information, and a great manager can manage in complete ignorance.

We thought that was pretty funny, but we liked MBAs in the class; they lowered the curve.

We wouldn’t have thought it so funny, if we had realized that they would soon be out there in the world, acting on those ideas.

DISCLAIMER: The views and opinions expressed in these forums do not necessarily reflect those of Catholic Answers. For official apologetics resources please visit www.catholic.com.