Don’t send your kids to Harvard!

Is it time to give the Harvard MBA degree a vote of no confidence!?  The current “Occupy” movement is doing just that, rebelling against the current naked greed of top managers!
That is also what Philip Delves Broughton , himself a graduate of this famous institute implies  in his recent book , “What they teach you at Harvard Business School.”

He is referring to the ‘greedy managers’ who have received their “Master of Business Administration’ and who were educated  in ‘narrow-minded thinking, , greed, complete lack of interest in politics, contempt for the non-business world, and above all, a complete lack of willingness to take responsibility for their own mistakes.”  Wow!

In an October 8th, 2008 speech by Australian Prime Minister Kevin Rudd, titled “The Children of Gordon Gekko,” Rudd takes aim at the financial crisis of 2007-2008.  “It is perhaps time now to admit that we did not learn the full lessons of the greed-is-good ideology,” he said.  “And today we are still cleaning up the mess of the 21st-century children of Gordon Gekko.”

Similarly, in Italy, Cardinal Tarcisio Bertone, a Vatican official, cited Gekko’s greed is good slogan in remarks he made in July 2009 to Italian Senators in Rome.  Cardinal Bertone said the free market had been replaced by a greed market, blaming such a mentality for the 2007-2008 financial crisis.

In September 2009, former Harvard Business School graduate, Philip Delves Broughton, now a writer for the London Evening Standard, observed:

…Gekko’s ‘Greed is Good’ speech in the film “Wall Street” is still shown to MBA students at business schools.  It is intended as a morality lesson, but ends up feeling more like a pep talk.  At my old business school, Harvard, Gekko’s speech electrified a snoozy morning class on leadership.  By the time Gekko was done berating the board of Teldar Paper, the entire class was grinning and alert.

 Greed is never good, nor does it serve to work any good purpose. Since we will never be able to attain everything we desire, greed offers us dissatisfaction. Our greediness ultimately destroys us as we harden our hearts, ignoring the needs of others. Ultimately, greed motivates us to pursue poor choices that plunge us into destruction.”

Unfortunately, out of the crisis of the past 3 years, no lessons have been learned!

A greedy person tries to get rich quick, but it only leads to poverty.:  Proverbs 28:20

 Gordon Gekko speaking at the Teldar shareholders meeting.

 Gordon Gekko telling the board and shareholders of Teldar Paper
in the classic film “Wall Street”  how his version of “greed-is-good”
efficiency will work.

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