We don’t discuss enough Jacobin articles here😄
https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial
I expect full agreement from JDB and Twenty with this article.
We don’t discuss enough Jacobin articles here😄
https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial
I expect full agreement from JDB and Twenty with this article.
Who cares if the business of a business school is business? If you wanna serve mankind from a purely altruistic motive, don’t get a business degree. When Big Corporate becomes abusive, there is a remedy. That’s why God invented class actions. Right?
The idea that only MBA's are churning out this managerial aristocracy is nonsense. Ben Shapiro is fond of telling the story about his first day of Harvard Law. Elena Kagan was giving an orientation address and told the class something to the effect of:
"Congratulations, you made it, when you leave this school you will be a master of the universe"
Before anyone had taken their first course or gotten their first grade they were guaranteed that their credential had set them up for life.
🤣 Love it.I’ll give a more thoughtful comments after I post this fun meme
We don’t discuss enough Jacobin articles here😄
https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial
I expect full agreement from JDB and Twenty with this article.
My god, I couldn't get past the second paragraph. The dork author is just another Ivy Equivalent (UC) liberal arts loser that has never actually worked in business.
I'll try to salvage a question to discuss (although I originally posted it tonge-in-cheek): How concerned with ethics and community and the overall "good" do we want business leaders to be? If we are concerned at all, how should we measure that or instill it?We don’t discuss enough Jacobin articles here😄
https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial
I expect full agreement from JDB and Twenty with this article.
My god, I couldn't get past the second paragraph. The dork author is just another Ivy Equivalent (UC) liberal arts loser that has never actually worked in business.
I'll try to salvage a question to discuss (although I originally posted it tonge-in-cheek): How concerned with ethics and community and the overall "good" do we want business leaders to be? If we are concerned at all, how should we measure that or instill it?We don’t discuss enough Jacobin articles here😄
https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial
I expect full agreement from JDB and Twenty with this article.
My god, I couldn't get past the second paragraph. The dork author is just another Ivy Equivalent (UC) liberal arts loser that has never actually worked in business.
Doesn't it depend on who you ask? If you ask a Goldman Sachs banker vs. an OWS/Free Palestine protestor, you'll get a much different answer - so there isn't going to be a consensus.
Businesses, by definition, exist to serve shareholders, and Dodge v. Ford Motor decided that directors owe fiduciary duties to shareholders and should operate the company to maximize profitability. Duty of Care should encourage managers and board members to make the best decisions for the business, regardless of timeline or time horizon. Most of the short-termism has been driven by public markets and investor demands, which is why you generally see private company returns outperform public company ones.
Having classes on ethics or sustainability is fine, but when those start to get in the way of common-sense decision-making and positioning the business to meet or exceed long-term profitability expectations of shareholders, it becomes a problem.
I don't necessarily ascribe to the idea that the business only exists to maximize profits at the expense of non-shareholder stakeholders.
What I was trying to get at was that a corporate system managed by valueless people will probably operate differently than one that has people with strong ethical beliefs, I think.I'll try to salvage a question to discuss (although I originally posted it tonge-in-cheek): How concerned with ethics and community and the overall "good" do we want business leaders to be? If we are concerned at all, how should we measure that or instill it?We don’t discuss enough Jacobin articles here😄
https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial
I expect full agreement from JDB and Twenty with this article.
My god, I couldn't get past the second paragraph. The dork author is just another Ivy Equivalent (UC) liberal arts loser that has never actually worked in business.
Doesn't it depend on who you ask? If you ask a Goldman Sachs banker vs. an OWS/Free Palestine protestor, you'll get a much different answer - so there isn't going to be a consensus.
Businesses, by definition, exist to serve shareholders, and Dodge v. Ford Motor decided that directors owe fiduciary duties to shareholders and should operate the company to maximize profitability. Duty of Care should encourage managers and board members to make the best decisions for the business, regardless of timeline or time horizon. Most of the short-termism has been driven by public markets and investor demands, which is why you generally see private company returns outperform public company ones.
Having classes on ethics or sustainability is fine, but when those start to get in the way of common-sense decision-making and positioning the business to meet or exceed long-term profitability expectations of shareholders, it becomes a problem.
I don't necessarily ascribe to the idea that the business only exists to maximize profits at the expense of non-shareholder stakeholders.
Same goes for a democracy or other form of government.
What I was trying to get at was that a corporate system managed by valueless people will probably operate differently than one that has people with strong ethical beliefs, I think.I'll try to salvage a question to discuss (although I originally posted it tonge-in-cheek): How concerned with ethics and community and the overall "good" do we want business leaders to be? If we are concerned at all, how should we measure that or instill it?We don’t discuss enough Jacobin articles here😄
https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial
I expect full agreement from JDB and Twenty with this article.
My god, I couldn't get past the second paragraph. The dork author is just another Ivy Equivalent (UC) liberal arts loser that has never actually worked in business.
Doesn't it depend on who you ask? If you ask a Goldman Sachs banker vs. an OWS/Free Palestine protestor, you'll get a much different answer - so there isn't going to be a consensus.
Businesses, by definition, exist to serve shareholders, and Dodge v. Ford Motor decided that directors owe fiduciary duties to shareholders and should operate the company to maximize profitability. Duty of Care should encourage managers and board members to make the best decisions for the business, regardless of timeline or time horizon. Most of the short-termism has been driven by public markets and investor demands, which is why you generally see private company returns outperform public company ones.
Having classes on ethics or sustainability is fine, but when those start to get in the way of common-sense decision-making and positioning the business to meet or exceed long-term profitability expectations of shareholders, it becomes a problem.
I don't necessarily ascribe to the idea that the business only exists to maximize profits at the expense of non-shareholder stakeholders.
Same goes for a democracy or other form of government.
I'd argue they aren't valueless, but their values (wealth, personal success, etc.) can be detrimental to broader society.
Some balance is necessary.
@bradstevens But do we think the future masters of the universe learn their ethics in a business school. Shoudln't they have a pretty good foundation by like 12 years old?
Corporations and the people that run them will behave precisely as is legal to do so (mostly). Expecting something different absent regs/laws to make it so is pie in the sky.
Remember - you can have a rattlesnake as a pet, but you can't pet a rattlesnake.
I agree with all of that. And I think business schools disproportionately attract rattlesnakes. So do law schools, by the way.@bradstevens But do we think the future masters of the universe learn their ethics in a business school. Shoudln't they have a pretty good foundation by like 12 years old?
Corporations and the people that run them will behave precisely as is legal to do so (mostly). Expecting something different absent regs/laws to make it so is pie in the sky.
Remember - you can have a rattlesnake as a pet, but you can't pet a rattlesnake.
I agree with all of that. And I think business schools disproportionately attract rattlesnakes. So do law schools, by the way.@bradstevens But do we think the future masters of the universe learn their ethics in a business school. Shoudln't they have a pretty good foundation by like 12 years old?
Corporations and the people that run them will behave precisely as is legal to do so (mostly). Expecting something different absent regs/laws to make it so is pie in the sky.
Remember - you can have a rattlesnake as a pet, but you can't pet a rattlesnake.
Business Ethics is a contradiction in terms, much like Military Intelligence and Christian Scientist.
Latest Post: 2027 HS Recruiting News Our newest member: Redd Collects Recent Posts Unread Posts
