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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
Originally Posted by Willravel
Less than 500, a little less than $10m, and not publicly traded, but it was still a business and I still had to understand economics to try and run it. Here's a question, if only running a small buisness requires a decent understanding of econ, why would running a gigantic corporation not require such an understanding?
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Because there isn't a prerequisite for it. You can think it is a good quality, but there's no exact formula to how profitable a business is based on education. That's one of the things that makes America an coveted destination because even a common person making chocolate chip cookies can make a worldwide business.
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Gates was Harvard Educated in business back in 1973, alongside Paul Allen. Larry Ellison attended 2 years at University of Illinois and went to U of Chicago. His wiki doesn't say it, but he also went back to school. Most of them had at least some decent college level education, and it seems that all of them now have their degrees. Why would they go back if they didn't think they needed them?
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Because investors like to see pedigrees on the management teams. It is a solidly known fact amongst investors that look at the prospectus and 10k sheets to see just who the management team is. They don't like to see blanks for education.
Going to college and not completing it is consided not having a formal education. If you don't subscribe to that as the definition you are alone in that. Going to NYU for continuing education classes or non-matriculated attendance does not equal graduating from NYU. It is "taking classes."
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