Greed is Good

For me, however, one of the most deeply disturbing passages came in the last chapter: “A recent study by the Aspen Institute appears to confirm that business school is, in fact, damaging to the moral fiber of students. Upon entering business school, the researchers found, students cherished noble ambitions to serve customers, create quality products, and otherwise contribute to the progress of humankind. By the time of their graduation, however, students were convinced that the only thing that matters is increasing shareholder value.” Stewart suggests that many of our current problems may come from this corrupting influence of business schools.

via The Management Myth.

Not sure we can blame all our ills on business school graduates, but the message that greed is good seems to have pervaded the country until just recently. I wonder if the message will stick when the economy gets better. Or does one necessitate the other?

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