The Money Chase


Business school solutions may be part of the U.S. problem

"The '70s and '80s are the decades of management," beams Donald Jacobs, dean of Northwestern University's Graduate School of Management. "At other times, the cream of American youth went into science, became law professors or went into government to reform the system. Now they are going to the grandes écoles of the M.B.A."

"A lot of what is preached at business schools today is absolute rot," says Michael Thomas, a New York financial consultant and former partner in the investment banking firm of Lehman Bros. "It...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!