Harvard's Masters of the Apocalypse

In this piece from the Sunday Times (London), a recent Harvard MBA offers some interesting observations about the role of poorly prepared and questionably oriented MBAs--and particularly Harvard MBAs--in the financial market failures we now find ourselves suffering through.

But does he lay enough responsibility at the doorstep of the cultures of the institutions themselves--and human nature under such cultural pressures and such fabulous financial reward structures for "being creative" and "making it happen" in meeting financial goals? Wouldn't it help if those institutional cultures had more of a bias toward ethics and accountability? But, regrettably, many of them appear to feel their obligation to shareholders--and more importantly, perhaps, their self-interest--causes them to define their ethical responsibility and accountabilities only in terms of the most aggressive interpretations of the law, if they consider them seriously at all.

http://www.timesonline.co.uk/tol/news/uk/education/article5821706.ece