One's about Salvaneschi. The other is about the declining fortunes of the fancy, expensive MBA programs. Through the mid-50s, businesses snapped up MBAs from prestige schools. Now those students have a tougher time finding jobs. Companies are weeding out their middle management.
Many companies feel that a good student with a bachelor's degree is a better investment.
Business schools grew complacent with success in the mid- 80's. They had plenty of students. Their graduates drew high salaries. They stopped asking what America really needed and whether they provided it. At first, smug faculty didn't react fast enough.