Harvard Is Becoming A Magnet For Bad News
This story is of great interest to me. It isn't too difficult to conclude the pharma industry marketing and lobbying machines are out of control. And, that much of its research is not performed by unbiased third parties is a substantial concern. We need a new method of validating drug research in this country and it starts with proper government oversight that has been dismantled.
Students are trying to clean up the stench at Harvard. Cronyism everywhere is getting a substantial amount of disinfectant thrown its way. It's far from over. And, it's all good. Harvard could adopt their experience as a best-practices business case for its MBA program. (That's a joke.) Take this pharma story as a microcosm of the environment in which we live. Washington will not embrace a necessary disinfecting without the sovereign's demands to do so. To date, that hasn't happened at all. I have a sneaking suspicion it will.
With an admission that their MBA program is in crisis, their endowment losing substantial money and the profligate management irresponsibility of redeveloping local real estate and now this, Harvard is developing a rather black eye. I guess Harvard's leaders might want to take a few management courses. But, instead of in the classroom, they might want to learn from the finest institution of learning in the world - the school of hard knocks.
An interesting story at Forbes gives an inside perspective on the foolishness that is Harvard. They are obviously a poster child for a university that drank too much of the Kool-Aid it was peddling on our financial community, politicians and society as a whole. Now they are blowing chunks from the poisoned elixir.
Harvard is learning a lesson. It's an important one. In the long run, I have little doubt that they will get it right. Not because they are Harvard but because in the long run America's culture will force them to get it right.
Students are trying to clean up the stench at Harvard. Cronyism everywhere is getting a substantial amount of disinfectant thrown its way. It's far from over. And, it's all good. Harvard could adopt their experience as a best-practices business case for its MBA program. (That's a joke.) Take this pharma story as a microcosm of the environment in which we live. Washington will not embrace a necessary disinfecting without the sovereign's demands to do so. To date, that hasn't happened at all. I have a sneaking suspicion it will.
With an admission that their MBA program is in crisis, their endowment losing substantial money and the profligate management irresponsibility of redeveloping local real estate and now this, Harvard is developing a rather black eye. I guess Harvard's leaders might want to take a few management courses. But, instead of in the classroom, they might want to learn from the finest institution of learning in the world - the school of hard knocks.
An interesting story at Forbes gives an inside perspective on the foolishness that is Harvard. They are obviously a poster child for a university that drank too much of the Kool-Aid it was peddling on our financial community, politicians and society as a whole. Now they are blowing chunks from the poisoned elixir.
Harvard is learning a lesson. It's an important one. In the long run, I have little doubt that they will get it right. Not because they are Harvard but because in the long run America's culture will force them to get it right.
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