THE BLOG

Columbia Biz School Needs an Ethical Disclosure Policy

12/28/2010 03:02 am ET | Updated May 25, 2011

An Open Letter To: Lee Bollinger, President, Columbia University

Dear President Bollinger,

Pleased as I am to be invited to speak at Columbia Business School in February, there's something on my mind that we need to talk about before I show up, and that is Columbia Business School's absence of an ethical disclosure policy.

What am I talking about?

Professors there advise private clients to the tune of hundreds of thousands of dollars in fees, advocating policies that serve the interests of those clients, and fail to disclose this to their students or the public -- all while enjoying the prestige of a 'neutral' Ivy League perch.

This lack of disclosure came to my attention via the documentary, Inside Job, (shortlisted for the Oscar, by the way) in which director Charles Ferguson does an excellent job of explaining the origins of the financial crisis that overtook global banking in 2008 and 2009, and which was rooted in the deregulated culture of Wall Street.

Among the many revelations in this film is the corruption that has poisoned the departments of the nation's top business schools and chief among them, Columbia's.

Two Columbia professors come in for humiliation. Read the full post here...