Some managers view workers not as stakeholders in the corporation, but rather as sources of costs to be reduced. "There is this emphasis on cost cutting and looking after the interests of shareholders," he says. The Friedman Doctrine started actually in the MIT Sloan School of Management and Harvard Business School more or less around the same time.
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?