Warren Buffet us looking around for someone to succeed him, eventually, as chairman of Berkshire Hathaway. Since that company's main asset is Warren Buffett, it's an important choice. But Buffett told the Wall Street Journal recently that he doesn't care if the person in question is a college graduate.
The Massachusetts Institute of Technology does not feel the same way. It has abruptly accepted the resignation of its dean of admissions after she confessed that she didn't have the undergraduate or graduate degrees she had added to her résumé over the 28 years since she joined the M.I.T. admissions office. (It came...