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Diane L. Swanson Kansas State University, USA
William C. Frederick University of Pittsburgh, USA
Read the article here.
Excerpt:

An unexplored question is the link between corporate misdeeds and the nation’s business schools. Although policy-makers in Washington have now changed the rules for stock options and 401K plans, they have not yet investigated business schools as possibly unwitting accomplices to corporate crimes. This oversight seems odd, since the executive managers of the scandal-ridden firms and their partners in crime, some holding MBA degrees, may reflect an approach to business education that elevates narrow self-interest above broader values of community and corporate citizenship. This ideology was never very far from the minds of the executive carpetbaggers who stole from their own companies, wiped out employee pensions and made distrust of business a national byword. In the aftermath of this wholesale robbery, members of the Association for the Advancement of Collegiate Schools of Business (AACSB) in the USA have maintained an inexplicable silence. Behind their wall of quietude, these deans of colleges of business who set the standards for business school curricula worldwide are proposing wobbly new accreditation guidelines that will do little to head off a new generation of MBAs who are at risk of Enron-like behaviour.

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