The highly-touted Thunderbird School of Business was purchased by the University of Arizona because Thunderbird would have gone out of business (and has, as an independent entity). It had too much debt, not enough income, and was living, apparently, on repute and not results.
Imagine sending your kid there and paying tuition? And are they going to keep the administrators and faculty, who evidently couldn’t find the business smarts to avoid or somehow deal with this? How many of those professors have consulting jobs as a sideline?!
You can’t make this stuff up. It’s like a fire out of control in the firehouse, or an efficiency expert who keeps showing up at the wrong place at the wrong time.
Brings new meaning to: If you can’t do it, teach it.
© Alan Weiss 2014