African American Scholars Speaking Up on Elena Kagan

by Dr. Boyce Watkins

I started the day thinking about Elena Kagan, Barack Obama's most recent nominee to the Supreme Court. I was wondering how in the world the president could appoint someone who has no experience on the bench, given the number of highly qualified judges he had to choose from. Then I was informed that this might be a good thing, since the Republicans don't have a judicial record to scrutinize. No problemo.

I then noticed that Kagan has past affiliations with The University of Chicago, The Harvard Law School and Goldman Sachs, and that she was appointed to her position at Harvard by Lawrence Summers, the head of the President's Council of Economic Advisors. I was starting to get uncomfortable at that point, because Kagan's appointment would mean that the entire Supreme Court would be filled with Harvard and Yale grads, which effectively says that every other law school in the country need not apply (so much for having a meritocracy). I also saw a very disturbing pattern of cronyism, elitism and Wall Street loyalty that lets us know that perhaps the President of Hope and Change is not quite what we ordered, making back room deals with his buddies, all for the sake of keeping American power locked into tiny social circles.

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Dr. Boyce Money: Do Entrepreneurs Need an MBA? Probably Not!

I am going to say some things that will take money out of the pockets of people like myself. But darn it, it has to come out. I have taught MBA and undergraduate business students for the last 16 years, at many major universities. I believe strongly in the value of black entrepreneurship and I believe in the power of compassionate capitalism. The problem, however, is that there are times when I wonder about the power of an MBA.

Fenorris Pearson, a successful black entrepreneur, has shared the same concerns, and I can't say I disagree with him completely. Here's the deal. An MBA can be a powerful tool to learn how to manipulate your way through the complexities of corporate America. Most programs teach you how to analyze charts, create spreadsheets and do all the little things that your boss is going to ask you to do. The problem, however, is that the vast majority of professors teaching MBA courses at major institutions have never actually done the work they are teaching you to do. An MBA student at an Ivy League institution recently told me that when he asked his professors how to actually implement the strategies that they were teaching on the chalk board, the responses from professors were always disappointing.


- By Dr. Boyce Watkins, a Finance Professor at Syracuse University and author of the forthcoming book, "Black American Money."


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