… which was quick. But already the university (and Yale, where Yaron Segal got his PhD) is being featured in news stories about this fatally stupid genius.
… which was quick. But already the university (and Yale, where Yaron Segal got his PhD) is being featured in news stories about this fatally stupid genius.
Cripes. It’s gotten that bad in the online for-profit racket.
Can they be any more desperate? What’s next? A focus on the education of students?
It’s down to Anne Sinclair and Cambridge University.
They’re the last entities willing to hang out with Dominique Strauss-Kahn.
Any university can list; it can drift into a dead calm, an eerie sort of nihilism in which presidents give speeches at campus events, and football teams take the field, yet (quoting Stevie Smith), they’re not waving, but drowning.
The ship of Coppin State is listing, and its faculty have had it. They’ve overwhelmingly voted no confidence in the school’s president.
The second-highest administrative position in the university, the provost, has been filled by four people in the same number of years; the number of cabinet-level staff members has more than doubled under Avery, increasing the university’s debt; three of Coppin’s five schools have not had deans at their helms for several years; the institution [failed] to disburse $800,000 in need-based aide to students in 2011; and [there have been] questionable hiring practices …
The administrative nothingness is the most dire part. It suggests a president intent on autocracy, slowly dismantling the very apparatus of the school so as to assume complete power.
But a dangerous one. I wouldn’t be laughing if I lived there.
The University of Pittsburgh Medical Center is the object of a big-time lawsuit charging that a bunch of their doctors performed a bunch of unnecessary (in one case fatal as well as unnecessary) heart procedures.
Plus, it’s alleged, a kickback scheme selected surgery-mad surgeons and gave them mucho money each year to keep up the good work.
Based on a common sensitivity to women’s issues.
… has had a long, storied, lucrative relationship with the Johnson and Johnson corporation, makers of Risperdal, an absolutely adorable anti-psychotic for the millions of American children who, thanks largely to Biederman’s research, have been diagnosed bipolar.
What’s adorable about Risperdal is how it’s marketed. What child can resist free legos? Risperdal puts legos stamped with the word RISPERDAL in pediatricians offices! If the sight of a three-year old playing with toys advertising her induction into a world of really powerful anti-psychotic medicine doesn’t make you go AWWWW, maybe there’s something wrong with you.
Biederman’s Harvard-legitimized work for J&J no doubt made it easier for that company to get states like Texas to approve it for Medicaid coverage. Only now the state’s all pissed and it’s suing to beat the band because “The state contends it paid 45 times more for Risperdal than comparable drugs after accepting the company’s claims that it was superior to rival medications.” (Let’s not even talk about J&J ad reps kissing doctors’ asses to get them to prescribe it in unapproved ways.) On what research (assuming the state of Texas is able – and willing – to read research) did Texas base its conclusion that its citizens should subsidize Risperdal?
So – bottom line here is that J&J will lose the case and will be made to pay an absolutely derisory sum in damages – a few hundred million, the cost of doing business, no one gives a shit.
[Dave] Spence, 53, has a degree in home economics from the University of Missouri-Columbia. But the biography on his campaign website originally omitted the word “home” while describing his economics degree …
… available in these fifty states. Their faculty correctly picks up on the fact that they’re graduating many of the masterminds who’ve royally fucked up the country. They think the solution to this is ethics training, in which men and women who’ve had twenty years to learn basic decency are brought from bad to good via wittle teeny morality scenarios…
This approach, called “Giving Voice to Values,” begins from the assumption that there will always be those who push and even break society’s laws and ethical norms. But there will also be those who would rather observe them, if they believed they had the skills, the competency, and the literal practice in how to do so. Rather than “teaching ethics,” this approach teaches managers how to be ethical, enabling them to believe they have a choice.
Turns out MBA students are trembling mutes, like King George before he found his voice… Turns out they don’t even believe they have a choice to behave well… We must enable these lost souls…
Another B-school ethics person is excited because of some of the moral paragons who are on the ethics case:
My colleagues and I are encouraged that some B-schools have sought help from higher-ambition leaders themselves — people like Ken Freeman, former CEO of Quest Diagnostics, now dean of Boston University’s School of Management, and Bill George, former CEO of Medtronic, now teaching leadership development at HBS.
Bill George. Medtronic. Well, if higher ambition means the sky’s the limit for personal compensation, yes. Hard to find a bigger cheerleader for outrageous salaries than Bill, who, from his Goldman Sachs director’s chair, lustily praises greed. What a moral example Bill set by his silence about the injuries he inflicted by awarding those salaries to Goldman Sachs people!
In a Bloomberg article titled Goldman’s Silent Board, Richard Teitelbaum reminds us of Bill’s outstanding service:
The board members said nothing publicly, for instance, when on April 16 the U.S. Securities and Exchange Commission filed a civil suit alleging Goldman had committed fraud in underwriting and marketing a mortgage-related security called Abacus 2007-AC1 without disclosing to clients that a bearish hedge fund customer, Paulson & Co., was involved in creating it.
Goldman calls the SEC suit “completely unfounded.”
Federal prosecutors in New York are also investigating Goldman transactions to determine whether to pursue a criminal fraud case, according to two people familiar with the matter.
Nell Minow, co-founder of the Portland, Maine-based Corporate Library, a governance research firm, says that when the SEC suit was filed, the outside directors should have immediately set up a committee to investigate, hired independent counsel and announced that they would make the results of their probe public.
Wells NoticeThe board should also have been riding herd on its members’ stock trades, says Cornell University Law School Professor Robert Hockett, who specializes in financial regulation from his office in Ithaca, New York. Goldman spokesman Lucas van Praag says directors are periodically informed of such trades. The bank received a Wells notice dated July 28, 2009, notifying the firm that it was the target of an SEC fraud investigation.
At least three company executives, including Vice Chairman Michael Evans, unloaded more than $27 million of Goldman stock from October 2009 through February 2010 in open market sales unrelated to the recent exercise of options or delivery of restricted stock, according to data compiled by Bloomberg.
Van Praag says Goldman’s board was informed of the Wells notice, which was not made public until after the SEC filed its suit. He says the firm’s lawyers determined it wasn’t material.
“On the face of it, the idea that that would not be material — I can’t imagine anybody saying that with a straight face,” Hockett says.
Well, why should it be material to Bill “Bankers are Movie Stars” George?
“Executive pay, which has skyrocketed over the past generation, is famously set by boards of directors appointed by the very people whose pay they determine,” explains Paul Krugman, and ain’t it the truth, Ruth.
… corruption and criminality at Penn State? Hm.
Should be a person above reproach, of course, associated with only the highest business practices…
I know!
The CEO of Merck!
Penn State scores another touchdown.
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UD thanks Roy.
… in his position as Director of Account Services, Robert Harlan says he’s too depressed to go to jail.
His wife says his real problem is he’s too generous.
He is by nature a very generous person.
Mean judge sent him to prison anyway.