Posted on 03/14/2019 9:24:15 PM PDT by Beave Meister
The perception that only elite schools produce elite leaders needs to die.
The No. 1 company in last year’s Fortune 500 was Walmart Inc., with $500 billion in revenue. That would make its chief executive, Douglas McMillon, a pretty important and powerful executive, don’t you think? Can you guess where he went to college? The University of Arkansas. He has an MBA, too. From the University of Tulsa.
Second on the list was Exxon Mobil Corp. Its CEO, Darren Woods, went to Texas A&M. Third was Berkshire Hathaway Inc., run by the man many consider the greatest investor who ever lived: Warren Buffett. He spent three years at the Wharton School before transferring to the University of Nebraska, from which he graduated. He was then rejected by Harvard Business School. (He got his MBA from Columbia Business School, where he famously learned from the great value investor Ben Graham.)
Fourth was Apple Inc., whose chief executive, Tim Cook, is arguably the most important executive in all of tech. He went to a university better known for football than academics: Auburn.
Are you sensing a pattern here? General Electric Co.’s Lawrence Culp went to Washington College in Chestertown, Maryland. Cardinal Health Inc.’s Michael Kaufmann went to Ohio Northern University in Ada, Ohio. AT&T Inc.’s Randall Stephenson went to the University of Central Oklahoma in Edmond, Oklahoma. General Motors Co.’s Mary Barra went to Kettering University in Flint, Michigan. (Kettering used to be the General Motors Institute before it was spun off from GM in the early 1980s.)
(Excerpt) Read more at chicagobusiness.com ...
Having huge student loans hanging over you, means you aren't in a position to take any risks, and will be forced to accept the job with the most reliable paycheck, rather than trying your luck joining a startup, or starting your own company.
Furman?
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