The Rittenhouse Review

A Philadelphia Journal of Politics, Finance, Ethics, and Culture

Friday, October 08, 2004  

First the Ambassadors, Now the Business School Professors

Okay, so President Fool Me struck out with a large group of former American ambassadors. "Big deal," the wingnuts say. "Who cares what all those effete foreign service officers think?"

Now we have strike two: Bush has received another an "F" from a vast collection of professors of business, finance, and economics from around the country. You know, the creators of the world's greatest economy's vaunted he-men and she-women, those "masters of the universe," as they used to say in less skeptical times, if you can imagine such times ever existed.

This one's just got to hurt. After all, as we've been reminded countless times, President Bush is "a businessman." And he has an M.B.A. . . . From the Harvard Business School!

Call me unimpressed.

Even now, years later, I still reel in amazement in recollection of the fresh -- and stale -- M.B.A.'s I interviewed, and sometimes had to hire, who couldn't read an income statement, let alone explain to little-old liberal-arts me even the most elemental connections between the three core corporate financial statements: the income statement, the balance sheet, and the statement of cash flows.

Three simple interview questions, presented to every M.B.A.-brandishing candidate who came in to my office, taught me all I ever needed to know about America's most expensive finishing schools.

(Link via Max Sawicky's MaxSpeak, Max who now has a cool logo and everything.)

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