The corruption of academia by business

[_MeDotOrg]

Glen Hubbard, respected academic, was paid $1200 an hour by Countrywide (one of the most egregious originators of sub-prime loans leading to the crash of '08) to testify in a lawsuit against Countrywide (by one of its insurers) that the sloppy loans originated by Countrywide did not have a higher failure rate than other loans in the industry.

Mr. Hubbard failed to disclose to the court that the loans he was using as a comparison came from companies that were also being sued by the same company for the same reason.

And this piece of cr*p, with the integrity of a used car salesman, is the Dean of Columbia Business School. That's what people are being taught in business classes at one of the most prestigious Ivy League Schools: that academic integrity is sold to the highest bidder.

Read more here:

http://www.rollingstone.com/politics/blogs/taibblog/glenn-hubbard-leading-academic-and-mitt-romney-advisor-took-1200-an-hour-to-be-countrywides-expert-witness-20121220

[_moksha]

I suspect that Professor Hubbard was covered by The Rules of Acquisition.