Sunday, May 1, 2011

Jersey Jazzman: Teachers Who Threw Away Their Money

Jersey Jazzman: Teachers Who Threw Away Their Money

Teachers Who Threw Away Their Money

A question for the evening:

Suppose the company you worked for told you that if you went and got your MBA, you'd get a nice raise. Suppose that was the practice at your firm for years, and you signed a multi-year contract that spelled out the deal.

Suppose you OK'd the college and the program with your boss and your boss's boss. You went to night school and studied during your vacations and weekends and nights and you earned your degree. For the first year or two, you got the raise. Then a new CEO came in.

The CEO had heard of a few studies at a few other firms that showed that managers only got 'better' when their