Just leave out the part about President Trump. Plenty of people like him.
> Harvard has obsessively pursued money, sending a disproportionate number of its graduates to consulting firms
I assume the students are the ones pursuing money
> An obsession with stock prices and short-term results was the motive for many of the accounting scandals of the 2000s
Was it ? I thought it was unscrupulous people doing accounting fraud and information asymmetry between shareholders and executives.
> McDonald insists he isn’t “anti-business-school” (he attended Wharton), nor is he “anti-wealth.
But just a few sentences above :
> McDonald notes that in 1992, the C.E.O.s of Fortune 500 firms made an average of $2.7 million a year. By 2000, the average was $14 million.
> It’s a shame that some of them didn’t see the looming disaster and sound an alarm
Some did and made a lot of money from shorting these bonds. Only when it became possible to short these bonds that the bubble finally collapsed and the money went to fund more useful ventures.
> lay a part in helping more people who think about business rediscover a purpose other than profit
A better solution would be to ensure more information symmetry ( even through government action ) and having more ambitious people in regulatory agencies. 'Pitting ambition against ambition' ( to use a Madison quote ) is a system that has historically worked very well to curb these types of predatory behavior