Harvard MBA Alumni
The Edge last week featured some interesting articles related to business. Here I’ll share a few which I think is interesting.
What do these people all have in common?
- Convicted felon Jeffrey Skilling (Enron Corp’s former chief, who is serving a 24-year prison term for fraud)
- Deposed CEO Stan O’Neal (Ousted by Merrill Lynch & Co after failing to know about mortgage risks)
- Struggling CEO Jeffrey Peek (He is seeking to sell CIT Group Inc’s assets after the lending company’s shares dropped 73% in the past one year)
- Unpopular American President George W. Bush
The answer: They all went to Harvard Business School.
But of course, make no doubt about it: Harvard Business School undoubtedly helped put them there in the hot seats in the first place. The article questions the role that Harvard plays in shaping leaders who succeed or fail. Circumstances that occur in life such as a bad marriage, death of family members, or a bad accident can affect executives. Basically it goes on to say that when students come to HBS they all carry with themselves their own set personality which cannot be changed by simply taking more courses in interpersonal relations etc.
A study on 50 HBS students before they enrolled until they graduated in 2006 found that one-third were still stuck in adolescence and had problems emphathising with people. Another third were found inclined to define right or wrong in terms of what everybody else was doing. This might explain why even well educated executives have fallen prey to the subprime-mortgage debacle. The subprime-lending spree shows that Harvard and other elite schools fail to mould managers who look beyond self-interest, the article says.
But of course, HBS has its share of corporate icons as well: US Treasury Secretary Henry Paulson, formerly head of Goldman Sachs Group Inc; Louis Gerstner, IBM; and Meg Whitman of eBay. Not to mention also New York City Mayor Michael Bloomberg and majority owner of Bloomberg News parent Bloomberg LP.
Many tech companies do not have MBA students as their CEOs or founders. My impression is that an MBA sort of encourages group-thinking and execution using conventional methods. But I don’t know much and don’t want to pretend that I know much either.
On a side note, I don’t think that I would be pursuing an MBA after graduating from Berkeley. I do intend, however, to pursue a Masters in Engineering and work at the same time, God-willing, through Stanford’s Honors Cooperative Program. 3 years at Berkeley, then off I go to work for 2-3 years in US while doing a part-time Master’s Degree Program@Stanford and also save up money to start a company. Then I would return home to Malaysia and do just that.
Haha… It’s so easy to dream

Posted April 28, 2008
Comments(4)

