Rajan was supposed to be the new Stanford GSB dean, and he would have deserved it considering that he (along with Derrick Bolton and Carole Robin) were the triumvirate responsible for the most recent surge of Stanford. Unfortunately h0rny dean Saloner, whose only accomplishment was taking credit for Rajan’s work, messed it all up by stealing the wife of another professor, the wife being an ETHICS professor at the B-School.
Anyway those farmboys at Stanford thought that dissing Madhav Rajan like that, by going for a less qualified candidate who is a Cardinal but not from the Business School, was a good idea and that Rajan will just take his rightful place as the Asian who does all the work and never complains.
Ha!
And Bolton… and Robin are both gone too. I bet the people at Harvard are very happy about this hire.
I hear HBS’ dean is a friend of Rajan.