Former Kellogg Dean Jain heads to INSEAD

Graduate School Business School - MBA
1

<p>Thought this was an interesting article:
FT.com</a> / Business school news - Dipak Jain heads to INSEAD</p>

<p>...there seems to be an awful lot of activity at the Dean level at B-schools:</p>

<p>here is a quote from a related article in BusinessWeek:

[quote]
First, Ted Snyder leaves Chicago Booth School of Business (Booth Full-Time MBA Profile) for Yale (Yale Full-Time MBA Profile). Then Sally Blount, vice-dean at NYU’s Stern School of Business (Stern Full-Time MBA Profile), takes over as dean of Kellogg. Now Jain steps down at Kellogg to step up at INSEAD. It’s like musical chairs, except with deans.

[/quote]
</p>

<p>Kellogg's</a> Jain Named INSEAD Dean - BusinessWeek</p>

2

<p>that’s cause they’re a bunch of overpaid nobles who think they’re god’s gift to business and feel they should earn as much as the investment bankers they teach.</p>

3

<p>don’t be bashful, tell us how you really feel about it.</p>

4

<p>Why wouldn’t they earn a lot? Looking at it from an economic rent perspective I would think they would have an awful lot of options in the private sector…</p>

5

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<p>i find it quite ironic that you chose investment bankers in your example… measuring the value add that business school deans have contributed to society (granted, perhaps negligible) vs. what investment bankers have contributed (more like destroyed) and your conclusion is that the deans are overpaid? what’s wrong with this picture?</p>

6

<p>your mistake in reading the passage was that you improperly assumed it implied “investment bankers are paid the proper amount” when in fact it made no such argument. therefore your answer is incorrect–moving on to a less difficult question. you can still shoot for a 690.</p>