A new paper argues that CEOs who have an MBA degree tend to pay their employees less than other CEOs. The economist Ann Harrison, who is also the Dean of Berkeley's business school, doesn't think that Asamoglu's critique is as worrisome as it may sound. What all business schools are teaching today feels very different from what they were teaching in the 1980s where a lot of these CEOs got their education. Coming up after the break, will that feeling in the room translate into a different kind of CEO, and will that translate into higher wages for workers?
New research finds that bosses who went to business school pay their workers less. So what are M.B.A. programs teaching — and should they stop?