Can An MBA Make You Happy? Apparently So

West Virginia University Sued in MBA Scandal

 

Favoritism. Fraud. Firings. No, this isn’t another story about Chicago politics (or a recap of Law and Order). Instead, it is the scandal that won’t die, playing out in the foothills of Morgantown, West Virginia.

This week, West Virginia University was sued by Stephen Sears, their former business school dean, and Cyril Logar, their former Associate Dean, for breach of breach of contract and denial of due process. According to Businessweek, the men are accusing the university of failing to restore their reputations, after the school’s investigation found no evidence of academic misconduct on their part.

The suit stems from the university falsely awarding an MBA degree to Heather Bresch, CEO of pharmaceutical giant Mylan, Incorporated. Bresch, who is the daughter of former West Virginia governor (and current U.S. Senator) Joe Manchin, received an MBA despite earning fewer than the required credits. During an investigation, an independent panel found that administrators had retroactively conferred an MBA to Bresch. Sears resigned from his post while Logar continues to teach at the school.

Source: Pittsburgh Post-Gazette

Blast From the Past:

Is the Relationship Between B-Schools and Admissions Consultants Too Cozy?

They used to be treated as lepers in the b-school community. Some schools even banned students from using them. But now outside consultants are being welcomed as peers by business school administrators. What gives?

Two years ago, Poets examined why admissions consultants have grown so popular among candidates – and how their benefits extend beyond simply polishing essays and applications. Still, the growing reliance on consultants presents some ethical dilemmas.  Does using a consultant give well-off candidates an unfair advantage in admissions and financial aid? Could a consultant’s involvement potentially obscure a student’s true capabilities?

Check out this popular investigative report on consultants from Poets past. We’d love to hear your insights on the topic!

Source: PoetsandQuants.com

One Liners:

 

Ronald Perelman Pledges $100 Million to Columbia Business School (Apparently Ellen Barkin didn’t get everything in the divorce)

Source: PoetsandQuants.com

Does India Have the MBA Answer to the Khan Academy?

Source: New Indian Express

Former NFL Star Earns MBA at Emory

Source: MyFoxAtlanta

Is B-School Really Worth It? Jet Blue Chairman Joel Patterson Gives His Take

Source: LinkedIn Today

How to Prepare for Business School Over the Summer

Source: U.S. News and World Report

NJIT is Legit! New Jersey Institute of Technology Launches Online MBA

Source: PR Web Press Release

Prospective MBAs: B-Schools Must Address the Economic Crisis

Source: GMAT Club

Life at Kenan-Flagler Business School: A Student’s Perspective

Source: The University of North Carolina

MBA Admissions: Common Interview Mistakes

Source: TopMBA.com

Mergers

 

Sarah Pickard, 33, with an MBA from Yale School of Management, and Philip Michaelson, 31, with an MBA from Harvard Business School, were married Saturday, May 18. Pickard is a marketing manger at Betterment.com, an online investment management company in New York. Michaelson is a principal product manager for 1stdibs.com, a shopping website in New York. Source: NYT

Sarah Nam, 25, who will enroll this fall at the Harvard Business School as an MBA student, and Gordon Liao, 24, who will enroll at Harvard for a doctorate in business economics, were married Saturday, May 18. Nam is a consultant in the Boston office of L.E.K. Consulting and works with health care companies. Liao is a portfolio manager at the Harvard Management Company, which manages the university’s endowment. Source: NYT

Melody Calvo, 34, and Reeve Holt, 36, who received his MBA from Columbia Business School, were married Saturday, May 18. Holt is a senior manager in the retail business group at Apple, while Calvo is an operations manager in Apple’s onine store division. They both work in Cupertino, California. Source: NYT

Oscar Tang, 74, who has an MBA from Harvard Business School, and Hsin-Mei Hsu, 41, were married Saturday, May 18. Tang is a philanthropist and retired financier, while Hsu is an archaeologist and the host of History Channel Asai’s “Mysteries of China” series. Source: NYT

DON’T MISS: 

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