At Harvard University, the talk of billion-dollar losses in its massive endowment has blown in a new age of austerity across the campus....
Faculty members, who are not slated for raises next year, will be expected to pitch in on clerical work (Question: How many Harvard philosophy professors does it take to work a Xerox machine? Answer: Unclear. It's never been done).
[From Harvard pursues an unfamiliar discipline - The Boston Globe]
12.15.2008
File under There's a First Time for Everything
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2 comments:
The curriculum of Harvard Business School is the same as the somewhat lesser known.
It could be described as maximize profits in the shortest term possible. What do you think?
Im definitely sure about All those schools teach you very well how to increase your money according to the latest and most innovative financial business schemes out there.
Emerging markets, hedge funds and volatile commodities are signals of an investment strategy that is pro-cyclical and thus lacks a long-term perspective.
Ouch. That hurts.
It is more than ironic that the business school success in teaching the smartest and richest among us the best means to achieve their financial salvation is the exact cause of the apparent demise of same institution.
This result for HBS is, in and of itself, proof of the wrong-headedness and immorality of its teaching methods and its business model.
I think it doesnt make any sense.
-Lenny
Good point. I, for one, have been pretty down on B-schools for quite some time now, both for the reason you point out and for the human resources philosophies they teach. And more, maybe - I'm not up to date on what they're teaching these days, I'm more familiar with how what they teach translates into practice in the corporate world. It ain't pretty, IMHO.
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