The Business School Scam

On Bloomberg today I've been writing about Business Schools and the role they played in creating the credit crunch. It is probably harsh to blame them completely. But, as one person who e-mailed me pointed out, their fees and exclusivity created the bubble in which much of the business world has lived for the past decade. I mean, it does seem extraordinary that Andy Hornby, formerly CEO of HBOS, could have an MBA from Harvard and not realise there was something wrong with the way the bank was being run.