I'm sympathetic to arguments that MBAs, particularly at elite institutions, mostly benefit the graduate and not the company that employs him. I read an interest

I'm sympathetic to arguments that MBAs, particularly at elite institutions, mostly benefit the graduate and not the company that employs him. I read an interesting study recently that made this claim by comparing the stock-returns of companies led by Harvard MBAs vs the market as a whole. Sure, the study is no smoking gun, but it's on the right track. In contrast, the entire book reads like a series of anecdotes. And given that Harvard-MBA recruits the best and most ambitious students who go on to occupy numerous positions of power, you can always find a harvard MBA scapegoat behind every business failure that ever occurs. I don't see how this proves anything about the quality of Harvard-MBAs, other than the fact that they aren't perfect supermen. One could use this exact same line of reasoning and "evidence" in order to claim that white men are the cause of all problems in America.