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“When You Get That Wealthy, You Start to Buy Your Own Bullshit”: The Miseducation of Sheryl Sandberg | Vanity Fair
"Harvard Business School invented the “leadership” industry—and produced a generation of corporate monsters. No wonder Sandberg, one of the school’s most prominent graduates, lacks a functioning moral compass."



"The truth is, Harvard Business School, like much of the M.B.A. universe in which Sandberg was reared, has always cared less about moral leadership than career advancement and financial performance. The roots of the problem can be found in the School’s vaunted “Case Method,” a discussion-based pedagogy that asks students to put themselves in the role of corporate Übermensch. At the start of each class, one unlucky soul is put in the hot seat, presented with a “what would you do” scenario, and then subjected to the ruthless interrogation of their peers. Graded on a curve, the intramural competition can be intense—M.B.A.s are super-competitive, after all.

Let’s be clear about this: in business, as in life, there isn’t always one correct answer. So the teaching of a decision-making philosophy that is deliberate and systematic, but still open-minded, is hardly controversial on its face. But to help students overcome the fear of sounding stupid and being remorselessly critiqued, they are reminded, in case after case—and with emphasis—that there are no right answers. And that has had the unfortunate effect of opening up a chasm of moral equivalence in too many of their graduates.

And yet, there are obviously many situations where some answers are more right than others. Especially when it comes to moral issues like privacy, around which both Sandberg and Facebook have a history of demonstrating poor judgment. While H.B.S. is correct in its assertion that it produces people who can make decisions, the fact of the matter is that they have never emphasized how to make the right ones.

Consider investment banker Bowen McCoy’s “The Parable of the Sadhu,” published in Harvard Business Review in 1977, and again 20 years later. It addressed what seemed, at least to the H.B.S. crowd, to be an ethical dilemma. McCoy was on a trip to the Himalayas when his expedition encountered a sadhu, or holy man, near death from hypothermia and exposure. Their compassion extended only to clothing the man and leaving him in the sun, before continuing on to the summit. One of McCoy’s group saw a “breakdown between the individual ethic and the group ethic,” and was gripped by guilt that the climbers had not made absolutely sure that the sadhu made it down the mountain alive. McCoy’s response: “Here we are . . . at the apex of one of the most powerful experiences of our lives. . . . What right does an almost naked pilgrim who chooses the wrong trail have to disrupt our lives?”

McCoy later felt guilt over the incident, but his parable nevertheless illustrated the extent to which aspiring managers might justify putting personal accomplishment ahead of collateral damage—including the life of a dying man. The fact that H.B.S. enthusiastically incorporated said parable into its curriculum says far more about the fundamental mindset of the school than almost anything else that has come out of it. The “dilemma” was perfectly in line with the thinking at H.B.S. that an inability to clearly delineate the right choice in business isn’t the fault of the chooser but rather a fundamental characteristic of business, itself.

Here’s a slightly more recent example: remember Jeff Skilling? Like Sandberg, he graduated from H.B.S. and went to work at McKinsey. And like Sandberg, he left McKinsey for a C-suite gig—in his case, Enron—that took him to the stratosphere. Again like Sandberg, he basked in adulation over his ability to deliver shareholder returns. Skilling had done so, of course, by turning Enron into one of the greatest frauds the world has ever seen.

One of Skilling’s H.B.S. classmates, John LeBoutillier, who went on to be a U.S. congressman, later recalled a case discussion in which the students were debating what the C.E.O. should do if he discovered that his company was producing a product that could be potentially fatal to consumers. “I’d keep making and selling the product,” he recalled Skilling saying. “My job as a businessman is to be a profit center and to maximize return to the shareholders. It’s the government’s job to step in if a product is dangerous.” Several students nodded in agreement, recalled LeBoutillier. “Neither Jeff nor the others seemed to care about the potential effects of their cavalier attitude. . . . At H.B.S. . . . you were then, and still are, considered soft or a wuss if you dwell on morality or scruples.”

Why do so many M.B.A.s struggle to make the ethical decisions that seem so clear to the rest of us? Is it right to employ a scummy P.R. firm to deflect attention from our failures? Is it O.K. if we bury questions about user privacy and consent under a mountain of legalese? Can we get away with repeatedly choosing profits over principles and then promising that we will do better in the future?

If you think this kind of thing isn’t still going on at Harvard Business School—or wasn’t going on when Sandberg graduated in 1995—I refer you to Michel Anteby, who joined the faculty 10 years later, in 2005. At first enthusiastic, Anteby was soon flummoxed by the complete absence of normative viewpoints in classroom discussion. “I grew up in France where there were very articulated norms,” he told the BBC in 2015. “Higher norms and lower norms. Basically, you have convictions of what was right or wrong, and when I tried to articulate this in the classroom, I encountered . . . silence on the part of students. Because they weren’t used to these value judgments in the classroom.”

Eight years after his arrival, Anteby published Manufacturing Morals: The Values of Silence in Business School Education. The book was not published by Harvard but the University of Chicago Press. Calling the case system an “unscripted journey” for students, it was one of the first times an insider had joined the chorus of outsiders who have long criticized the case method as one that glamorizes the C.E.O.-as-hero, as well as the overuse of martial terminology in business curricula. (The Wall Street Journal reported last week that Mark Zuckerberg currently considers Facebook “at war.”)

“H.B.S. studies everybody under the sun,” Anteby told me in early 2015. “There is no reason we should be off limits.” Alas, they were. Not long after his book was published, Anteby came to believe that H.B.S. would not grant him tenure, and left the school soon after. “He is an unbelievably productive and smart guy,” one of his supporters, the University of Michigan’s Jerry Davis, told me later that year. “And they fired him. Probably because H.B.S. wasn’t the right place to have a conversation about itself. It would be like being at Versailles in 1789, offering up leadership secrets of Louis XIV. The really unfortunate part is that he wasn’t as harsh as he should have been, because he was up for tenure.”

The absence of voices like Anteby’s are evident to this day, and an ongoing indictment of the culture that turned Facebook from a Harvard sophomore’s dorm-room project into what passes for a Harvard Business School success story. Return one last time to the H.B.R. Web site, and you will find a case study that was published just a few months ago entitled “Facebook—Can Ethics Scale in the Digital Age?” Set aside the abuse of the English language in the question—M.B.A.s specialize in that kind of thing. The mere fact that it’s being asked serves as resounding proof that the moral equivalence problem is still with us today. The question is not whether or not a company of Facebook’s size and reach can stay ethical. The question is whether it will even try."
harvard  harvardbusinessschool  ethics  sherylsandberg  facebook  2018  business  careerism  morality  hbs  via:nicoleslaw  leadership  billclinton  mba  mbas  harvardbusinessrevie  hbr  duffmcdonald  competition  competitiveness  winning  decisionmaking  billgeorge  larrysummers  abrahamzaleznik  johnleboutillier  jeffskilling  bowenmccoy  michelanteby  norms  values  capitalism  neoliberalism 
november 2018 by robertogreco
Book Pins Corporate Greed on a Lust Bred at Harvard - The New York Times
"It is hard to overstate the school’s influence on corporate America.

That’s why a new, exhaustive history of the school is causing a stir before it is even out. The book, “The Golden Passport,” by the veteran business journalist Duff McDonald, is a richly reported indictment of the school as a leading reason that corporate America is disdained by much of the country.

“The Harvard Business School became (and remains) so intoxicated with its own importance that it blithely assumed away one of the most important questions it could ask, which was whether the capitalist system it was uniquely positioned to help improve was designed properly for the long term,” Mr. McDonald writes in the book, to be released in two weeks.

His answer? “With economic inequality at a hundred-year high and meaningful progress on climate change and other social and environmental issues embarrassingly paltry, the answer to that question is obvious. It is not.”

Citing a report from the Aspen Institute, Mr. McDonald explains that “when students enter business school, they believe that the purpose of a corporation is to produce goods and services for the benefit of society.”

“When they graduate,” he continues, “they believe that it is to maximize shareholder value.”

Mr. McDonald brilliantly tells the story of the school’s creation in 1908, when its mission was to educate the next generation of business managers. Edwin Gay, its first dean, defined business as the “activity of making things to sell at a profit — decently.”

But, the author says, somewhere during the mid-1980s, something went very wrong: “The money got too good.”

The money he refers to is the tsunami of job offers that Harvard students received from Wall Street, and the funding the school raked in from its well-heeled alumni.

In fairness, Harvard Business School makes an easy punching bag, given its stature as the top feeder for big business. This is hardly the first time the institution has been criticized.

And it is too much to paint all 76,000-plus alumni as being ethically challenged, as Mr. McDonald appears to imply. Indeed, many of the school’s vaunted alumni are among the most talented executives in the country, and many are trying to think about stakeholders holistically.

Yet in example after example, Mr. McDonald sets out his thesis that money and influence have distorted both the school’s curriculum and the worldview espoused by its professors, who themselves are on the payroll of corporate America as part-time advisers and consultants."
harvard  capitalism  2017  power  duffmcdonald  andrewrosssorkin  michaeljensen  greed 
april 2017 by robertogreco

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