The comments are good, but the suggestion to add "political, legal, and
regulatory environments of business to the bulleted list of content that
every MBA should learn" fails to address the conviction held by many of our
non-lawyer colleagues, that, if the organization has either inside or
outside counsel on the payroll there is no need for its MBA trained managers
to have any legal knowledge themselves.  Here we have a recipe for disaster,
which the organization often discovers well after the blood is on the
ground.  Recently, the CEO of our local corporate giant, Eli Lilly and
Company, gave a press conference that, in my opinion, gratuitously opened
the door to punitive damages in a coming tort action against the company. As
a shareholder in the company, I am not looking forward to the CEO's
cross-examination should this case come to trial as the CEO swears it will
before Lilly will settle.

Jordan Leibman
Emeritus Professor
IU Kelley School of Business




-----Original Message-----
From: Fran Zollers [mailto:[log in to unmask]]
Sent: Tuesday, October 23, 2001 2:41 PM
To: [log in to unmask]
Subject: Our comments to AACSB


Colleagues,

Attached is the comment we sent to AACSB's Blue Ribbon Committee. This
is an amalgamation of your thoughts and ideas. Thanks to the Executive
Committee and the Blue Ribbon group (ALSB deans, assoc. deans, and
former of same, along with other strong voices) who also helped shape
this comment.

Our comments are essentially three: 1) add ethics to the mix of courses
for which a JD is considered the terminal degree; 2) add political,
legal, and regulatory environments of business to the bulleted list of
content that every MBA should learn; 3) put the CPA plus LLM back in as
a credential for teaching taxation.

We signed the letter as President and AACSB liaison, but please know
this was truly a group effort. We will keep you apprised of any feedback
we receive and any future iterations of the Draft.

Fran and Ginny