There has been a trend of requiring students to have a couple of years real world work experience to enter an MBA program.  Now Harvard and others are saying never mind, come on in.  A Dean in Ireland says this is a bad idea as it negates the whole idea of the degree.  Click to…

Jason McClary made a post noting that Chrysler was an assembler and there was not a Chrysler product left worth buying, my comments below. Actually it was American Motors that mixed the parts. Dad bought my sister a pretty nice AMC Concord. Nice car with a 4.2 L straight six, a Ford carburetor and ignition…

ONe of the grad students had an excellent post about ABC in non profits Donors are demanding more accountability and assurance.  This is a way to do it and is the cover article for the March 2007 CFO.  Many in Congress are now clamoring for the heads of those responsible for the truly sad stories…

Jason Raper furnished this link on how Dell may offer Linux as an alternative to Windows. Seems there have been 100,000 requests for this in the last three weeks.  Now, think about strategy and managerial accounting.  The object is to come up with a strategy that outfoxes the competition and gives us an advantage and…

I have written about how pop psychology, socionomics, affects markets. There is a great psy phenomenon involved in the creation of lotteries. As a business student you have taken statistics and understand or should, the probability of winning a lottery ticket. However this is not the case for most folks. Indeed, for you or I…

I passed out an article from B/W which questioned whether Ford had any actual balance sheet value.  Now the experts are wondering the same thing about Chrysler.  We are studying pension accoutning in Intermed II at this time.  Please read this article about how the pension cost which is not stated on the balance sheet,…

The housing boom created by lower interest rates via the government in trying to spur the economy is turning into a housing bust, for everyone. First it was sub prime borrowers, now it is alt A borrowers. Click to read about it.  More and more folks that used interest only or Adjustable Rate Mortgages are…

One of my CcATS sponsors sent this along, I would pretty much agree. Also, don’t hesitate to map out and manage your career.If you are not going where you want or making progress, change something! Advise to those under 25 years old New to the work force 12 steps to become a millionaire 1.. Keep…

Surely someone can identify who owns this home!  Hint she is deeply concerned about how YOU ALL are destroying the environment with your excess consumption of energy….. Anyway, with the collapse in the home building market, now builders are announcing affordable homes. Unable to sell property in the $350K plus range, the latest thing in…

We recently discussed MCD’s decision to stay open 24/7 and try to leverage their fixed costs.  Now Walt Disney wants to leverage itself further into the wedding business. Turns out there are 2,000 wedding a year in one of the two Disney theme parks.  So now Disney is taking the next step by branding wedding…