I have a friend with a PHD in economics who knew nothing about futures and options. He is brilliant, but they didn't teach it
When it comes to investing and managing money, a degree can be helpful, neutral or harmful.
Come on
Hiring a union hack without at least a Business degree to manage the nation’s largest pension fund is without question a monumental failure to perform due care and due diligence by the fund’s board of directors.
Attaining a BSBA degree should at least indicate you should be familiar with macro & microeconomics, business law, financial, managerial and operational accounting, organizational management, statistics, business accumen, etc.
“I have a friend with a PHD in economics who knew nothing about futures and options.”
So? One doesn’t need to know anything about futures and options to understand economics. In fact it is best to NOT touch options when it comes to managing money.
I get it. If one has a strong and established track record to point to, it shouldn’t matter at that point. But was that how she got the job? Was it a requirement they glossed over? Or was there something about her background and career that otherwise checked all the right boxes?
The point is that Marcie Frost’s LinkedIn implies a college degree:
https://www.linkedin.com/in/marcie-frost-b310bb4b/
Well, we should see if CA is solvent. Let’s take a look...