[lbo-talk] What They Teach You at Harvard Business School

SA s11131978 at gmail.com
Wed Aug 20 14:21:54 PDT 2008


Dennis Claxton wrote:
> More conclusively, it encourages its little alumni to major in
> hypocrisy. You go there for one simple reason: to make shedloads of
> money. Fine, so it's no crime in itself to want to be absurdly and
> pointlessly rich, although it's certainly no virtue. What sticks in
> the gullet is graduates' self-flattering delusion that they're on some
> kind of crusade, their "very American" insistence, as Delves Broughton
> puts it, on being not only "the most powerful, the richest and most
> successful", but also "the most morally good". At the same time as
> learning how to manipulate billions in order to profit, say, from
> ordinary people's fretful indebtedness during a recession, you can
> believe that you are a philanthropic leader of men. Yet these are
> people whose answer to their own question, "How will I know how much
> is enough?" is, "When you've got your own jet." Any notion that such
> jet-setting plutocrats are truly concerned about the rest of us, or
> the planet, or the future, is laughable. . .
>
> These money-loving graduates must nurture "heightened self-awareness"
> and "a strong moral compass", they must "foster integrity strategies",
> acquire "leadership and values". But why the hell would the rest of us
> want to be led by these spreadsheet-reading, PowerPoint-presenting
> swots who've devoted the best years of their lives simply to making
> moolah?

If I were a billionaire newspaper mogul or think-tank impresario, I would order some bright young leftist to do a research project and write up the results: Identify several dozen business barons disgraced by egregious acts of fraud, theft, gross negligence, etc., and then go back and gather all their pious pre-downfall corporate-speak quotes about integrity, service and giving back to the community. It would be a handy compendium to have at one's elbow.

SA



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