Braving a cold rain, some 200 students at Yale University's School of Organization and Management abandoned their studies last week for an old- fashioned protest rally. The target of their angry slogans: a campaign by Yale president Benno Schmidt to push the innovative but troubled business school into the mainstream of M.B.A. academies. Said Jane Melvin, a first-year student: "This amounts to a hostile takeover of the school."
Hostile or friendly, Schmidt's proposals indicated that he thought the school deserved a resounding F. Declaring that the twelve-year-old institution "was not reaching its potential," he abruptly named a new dean: Michael Levine,...
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