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The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite
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HarperCollins 2017
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From the New York Times–bestselling author of The Firm: "A massively detailed history of Harvard Business School . . . and a searing critique." —Kirkus Reviews
With The Firm, financial journalist Duff McDonald pulled back the curtain on consulting giant McKinsey & Company. In The Golden Passport, he reveals the inner workings of a singular nexus of power, ambition, and influence: Harvard Business School.
Harvard University still occupies a unique place in the public's imagination, but the Harvard Business School eclipsed its parent in terms of influence on modern society long ago. A Harvard degree guarantees respect. But a Harvard MBA near-guarantees entrance into Western capitalism's most powerful realm—the corner office. And because the School shapes the way its powerful graduates think, its influence extends well beyond their own lives. It affects the organizations they command, and the economy they dominate.
In addition to teasing out the essence of this exclusive, if not necessarily "secret" club, McDonald explores two important questions: Has the school failed at reaching the goal it set for itself in 1908—"the multiplication of men who will handle their current business problems in socially constructive ways"? Is HBS complicit in the moral failings of Western capitalism?
At a time of soaring economic inequality and growing political unrest, this hard-hitting yet fair portrait offers a much-needed look at a profoundly influential institution.
"Exploring how Harvard Business School became a ticket to the highest echelons of money, power, and influence, McDonald chronicles the school's history in an irreverent, cynical, and frequently funny exposé of its pretensions."—Publishers Weekly
"Impressively researched . . . I suspect McDonald won't be invited to campus anytime soon, but perhaps he should be: Agree with him or not, he deserves credit for raising questions that every business school needs to be asking." —The New York Times
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Street Date:
04/25/2017
Language:
English
ISBN:
9780062347183
ASIN:
B01JFYB12W
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APA Citation (style guide)

Duff McDonald. (2017). The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite. HarperCollins.

Chicago / Turabian - Author Date Citation (style guide)

Duff McDonald. 2017. The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite. HarperCollins.

Chicago / Turabian - Humanities Citation (style guide)

Duff McDonald, The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite. HarperCollins, 2017.

MLA Citation (style guide)

Duff McDonald. The Golden Passport: Harvard Business School, the Limits of Capitalism, and the Moral Failure of the MBA Elite. HarperCollins, 2017.

Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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        Duff McDonald is the author of the New York Times bestseller The Firm: The Story of McKinsey and Its Secret Influence on American Business, Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase, and The Golden Passport and the coauthor of The CEO, a satire. A contributing editor at the New York Observer, he has also written for the New Yorker, Vanity Fair, New York, Esquire, Fortune, Businessweek, GQ, Wired, Time, Newsweek, and other publications. He lives in New York.

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fullDescription
From the New York Times–bestselling author of The Firm: "A massively detailed history of Harvard Business School . . . and a searing critique." —Kirkus Reviews
With The Firm, financial journalist Duff McDonald pulled back the curtain on consulting giant McKinsey & Company. In The Golden Passport, he reveals the inner workings of a singular nexus of power, ambition, and influence: Harvard Business School.
Harvard University still occupies a unique place in the public's imagination, but the Harvard Business School eclipsed its parent in terms of influence on modern society long ago. A Harvard degree guarantees respect. But a Harvard MBA near-guarantees entrance into Western capitalism's most powerful realm—the corner office. And because the School shapes the way its powerful graduates think, its influence extends well beyond their own lives. It affects the organizations they command, and the economy they dominate.
In addition to teasing out the essence of this exclusive, if not necessarily "secret" club, McDonald explores two important questions: Has the school failed at reaching the goal it set for itself in 1908—"the multiplication of men who will handle their current business problems in socially constructive ways"? Is HBS complicit in the moral failings of Western capitalism?
At a time of soaring economic inequality and growing political unrest, this hard-hitting yet fair portrait offers a much-needed look at a profoundly influential institution.
"Exploring how Harvard Business School became a ticket to the highest echelons of money, power, and influence, McDonald chronicles the school's history in an irreverent, cynical, and frequently funny exposé of its pretensions."—Publishers Weekly
"Impressively researched . . . I suspect McDonald won't be invited to campus anytime soon, but perhaps he should be: Agree with him or not, he deserves credit for raising questions that every business school needs to be asking." —The New York Times
reviews
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      • source: Andrew Ross Sorkin, The New York Times
      • content:

        "[A] richly reported indictment of the school as a leading reason that corporate America is disdained by much of the country....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." — Andrew Ross Sorkin, The New York Times

        "This is serious history, broad in its sweep and meticulous in the detail." — Wall Street Journal

        "Duff McDonald's The Golden Passport is the detailed story of Harvard Business School (HBS) that, willingly marinated in corporate money and influence, prepares each generation of "modern" corporate tycoons. HBS, while alert to shaping the latest management techniques, is largely indifferent to the ongoing corporate crime wave and other criminogenic behavior and externalities corrosive of fundamental civic values and economic equities. Readers can bury their noses in this prodigious tome and come away with a stench of affluent decadence." — Ralph Nader

        "The Golden Passport is a tour-de-force about one of our nation's most important and enduring symbols of capitalism. Whether you aspire to attend Harvard Business School or you disdain it for its disproportionate influence on Wall Street and in the executive suites of our major corporations, McDonald's investigative-reporting masterpiece is a must read." — William D. Cohan, New York Times bestselling author of House of Cards

        "The Golden Passport isn't the first (and won't be the last) time that pointed criticism has been aimed at the Harvard Business School, but it is certainly the most thorough to date. The story McDonald tells isn't a simplistic one. Rather, he argues that the analytical modus operandi of Harvard-trained MBAs has damaged not just particular companies, but the very fabric of society itself. It's a convincing and important call for change." — Bethany McLean, co-author of The Smartest Guys in the Room

        Duff McDonald's Golden Passport is a magisterial history of Harvard Business School and much more. It provides a powerful lens into the intellectual underpinnings and pragmatic failures of American business and American capitalism writ large. — Richard Florida, author of The Rise of the Creative Class

        "Exploring how Harvard Business School became a ticket to the highest echelons of money, power, and influence, McDonald (The Firm) chronicles the school's history in an irreverent, cynical, and frequently funny exposé of its pretensions...refreshingly substitutes skepticism for reverence, questioning the limits of business education and of capitalism in general." — Publishers Weekly

        "A massively detailed history of Harvard Business School since its founding in 1908 and a searing critique of the school's impact on American capitalism.....McDonald's deep research into the 100-plus years of HBS-the faculty members, the courses offered, many of the students-is undoubtedly impressive." — Kirkus Reviews

        "McDonald's reporting highlights the school's influence, such as detailing how HBS helped the U.S. win WWII by marrying mathematics and statistics to war strategy, and also how HBS helped define and establish the foundations of managerial knowledge in the country and put American management at the forefront of global business. " — Booklist

        "Exploring how Harvard Business School became a ticket to the highest echelons of money, power, and influence, McDonald (The Firm) chronicles the school's...

      • premium: True
      • source: Publisher's Weekly
      • content:

        January 30, 2017
        Exploring how Harvard Business School became a ticket to the highest echelons of money, power, and influence, McDonald (The Firm) chronicles the school’s history in an irreverent, cynical, and frequently funny exposé of its pretensions. He begins by describing the school’s founding in 1908 to, in one professor’s words, raise “the oldest of the arts” into the “youngest of the professions.” Despite these high-minded words, McDonald explains that HBS was launched largely to provide a credential for business-destined blue bloods who required the prestige of a Harvard degree. HBS eventually matured, but McDonald deftly skewers the vacuity at the core of the MBA curriculum, lamenting “how many members of a highly intelligent faculty have to resort to bold claims of discovering that which we already knew.” He also questions why the school doesn’t do more to shape the ethics of business, devoting chapters to ignominious graduates like Jeffrey Skilling of Enron and to the growing gap between the pay of ordinary workers and CEOs. This institutional history refreshingly substitutes skepticism for reverence, questioning the limits of business education and of capitalism in general. Agent: David Kuhn, Kuhn Projects.

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      • content:

        February 15, 2017
        A massively detailed history of Harvard Business School since its founding in 1908 and a searing critique of the school's impact on American capitalism.Upon beginning the "thirty-month odyssey" of researching his latest book, New York Observer contributing editor McDonald (The Firm: The Story of McKinsey and Its Secret Influence on American Business, 2014, etc.) realized that it constituted the third in a trilogy of sorts, following The Firm and, before that, Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase (2009). In The Firm, the author included a section about the connections between the legendary consulting firm and the Harvard MBA program, a section titled "McHarvard." McDonald's deep research into the 100-plus years of HBS--the faculty members, the courses offered, many of the students--is undoubtedly impressive. However, the decade-by-decade sections of the history often drag, featuring facts and anecdotes most likely to interest only faculty and students. When McDonald broadens his focus to examine the impact of HBS outside the campus, the book becomes more relevant to general readers. The author concludes that while HBS has always possessed the ability to improve business practices in the United States and around the globe, most faculty members have failed to imbue most of their MBA students with the values needed to make true improvements or innovations a reality. McDonald hoped to share his impressions with HBS administrators and active faculty, but he reports that he received rejections from nearly everyone he approached. Throughout his critique, the author emphasizes the unwillingness within the MBA program to delve into the responsible roles of businesses other than earning as much money as possible. As McDonald rightly notes, deep investigations into the economic inequality spawned by the current capitalist system are egregiously missing from the Harvard MBA curriculum. A tome that alternates between a useful expose and a slog--best for HBS alumni and business historians.

        COPYRIGHT(2017) Kirkus Reviews, ALL RIGHTS RESERVED.

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shortDescription
From the New York Times–bestselling author of The Firm: "A massively detailed history of Harvard Business School . . . and a searing critique." —Kirkus Reviews
With The Firm, financial journalist Duff McDonald pulled back the curtain on consulting giant McKinsey & Company. In The Golden Passport, he reveals the inner workings of a singular nexus of power, ambition, and influence: Harvard Business School.
Harvard University still occupies a unique place in the public's imagination, but the Harvard Business School eclipsed its parent in terms of influence on modern society long ago. A Harvard degree guarantees respect. But a Harvard MBA near-guarantees entrance into Western capitalism's most powerful realm—the corner office. And because the School shapes the way its powerful graduates think, its influence extends well beyond their own lives. It affects the organizations they command, and the economy they dominate.
In addition...
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