MMasters of asters of BBusiness usiness AApocalypsepocalypse

Almost half of Harvard MBAs go into finance or Almost half of Harvard MBAs go into finance or consultingconsulting

3 out of 10 end up working on Wall Street3 out of 10 end up working on Wall Street

Famous Harvard MBAsFamous Harvard MBAs

Stan O’Neal John Thain Stan O’Neal John Thain (left)(left) Andy HornbyAndy Hornby Rick Rick Wagoner Wagoner (left)(left)

Merrill LynchMerrill Lynch Merrill LynchMerrill Lynch HBOSHBOS General General MotorsMotors

Hank PaulsonHank Paulson Christopher CoxChristopher Cox Jeff Skilling Jeff Skilling

Goldman SachsGoldman Sachs SECSEC Enron Enron

US TreasuryUS Treasury

« To educate leaders who make a difference to the « To educate leaders who make a difference to the world. »world. »

Enron Case StudyEnron Case Study

Five HBS case studies held up the Enron model as Five HBS case studies held up the Enron model as innovative and worthy of replication.innovative and worthy of replication.

When Enron folded, these case studies were removed When Enron folded, these case studies were removed from the syllabus and over 30 new ones were written from the syllabus and over 30 new ones were written

about the ethical and accounting issues posed by Enron’s about the ethical and accounting issues posed by Enron’s collapse.collapse.

Herbert S. Winokur was Chairman of the Enron Finance Herbert S. Winokur was Chairman of the Enron Finance Committee that approved the loss hiding and profit Committee that approved the loss hiding and profit

boosting accounting measures blamed for the bankruptcy.boosting accounting measures blamed for the bankruptcy.

A Harvard Ph.D, he is also a Governor of the Harvard A Harvard Ph.D, he is also a Governor of the Harvard Corporation.Corporation.

RBS Case StudiesRBS Case Studies

Fred Goodwin, RBS CEO. His strategy of aggressive Fred Goodwin, RBS CEO. His strategy of aggressive expansion through acquisition led to the near expansion through acquisition led to the near collapse of the bank at the end of 2008, a year collapse of the bank at the end of 2008, a year for which the bank posted a 24 billion dollar for which the bank posted a 24 billion dollar

loss.loss.

“ “ A leader’s job is to create the conditions that enable A leader’s job is to create the conditions that enable people to believe in the value of what they are doing ”.people to believe in the value of what they are doing ”.

- RBS : Masters of Integration (2003)- RBS : Masters of Integration (2003)

Describes the development and implementation of one of the Describes the development and implementation of one of the world's most advanced human resource management support world's most advanced human resource management support systems. The Royal Bank of Scotland Group is a global banking systems. The Royal Bank of Scotland Group is a global banking leader that began implementing a strategy for measuring the leader that began implementing a strategy for measuring the impact of human capital on bottom-line financial metrics in impact of human capital on bottom-line financial metrics in 20002000..

- RBS Group : The Human Capital Strategy (2008)- RBS Group : The Human Capital Strategy (2008)

Joel M. PodolnyJoel M. Podolny

Vice President and Dean of Apple UniversityVice President and Dean of Apple University. .

Dean of the Yale School of Management from 2005-8, he was Dean of the Yale School of Management from 2005-8, he was also a Professor and Director of Research at Harvard Business also a Professor and Director of Research at Harvard Business School where he taught courses in strategy, organizational School where he taught courses in strategy, organizational behavior and global management.behavior and global management.

In his 2006 OB course, he presented RBS as a model of In his 2006 OB course, he presented RBS as a model of transformation. transformation.

At the time he was advising Fred Goodwin on change At the time he was advising Fred Goodwin on change management.management.

He restructured the Yale MBA curriculum « in response to the He restructured the Yale MBA curriculum « in response to the increasingly complex and cross-functional global environment increasingly complex and cross-functional global environment in which businesses and their executives operate. »in which businesses and their executives operate. »

MBAs and EngineersMBAs and Engineers

One third of engineers in Silicon Valley are hired from One third of engineers in Silicon Valley are hired from AsiaAsia

The Harvard TriadThe Harvard Triad

George W. Bush, Hank Paulson and Christopher CoxGeorge W. Bush, Hank Paulson and Christopher Cox