Baseball91's Weblog

April 13, 2009

Networking


Over the past 6 months the world has seen the Achilles’ heal of Wall Street that has been populated by the new Ivy League graduates of the last decade. What it is that has been passed along to the next generation. It was not just the professional athlete and his/her agent that are money grubbers:

From Frank Rich of the New York Times:

“In the bubble decade, making money as an end in itself boomed as a calling among students at elite universities like Harvard, siphoning off gifted undergraduates who might otherwise have been scientists, teachers, doctors, entrepreneurs, artists or inventors. The Harvard Crimson reported that in the class of 2007, 58 percent of the men and 43 percent of the women entering the work force took jobs in the finance and consulting industries. The figures were similar everywhere, from Duke to the University of Pennsylvania. Dan Rather, on his HDNet television program in December, reported that at Penn this was even true of “over half the students who graduated with engineering degrees — not a field commonly associated with Wall Street.”

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