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Each year, thousands of the country's most promising future professionals graduate with M.B.A.s and clamor for positions at élite consulting firms. They could do much better things with their time, argues Matthew Stewart, and, as a former consultant, he should know. After earning a Ph.D. in German philosophy, Stewart stumbled into the consulting field and spent eight years as a high-priced business expert - even helping to found a consulting firm before becoming disillusioned with the industry. He chronicles his corporate misadventures in a new book, The Management Myth, and explained to TIME why the philosophers of yesterday...
...great learning experience. I felt like what we were doing was not intrinsically bad, though we were charging too much. Over time I started to feel a lot worse about it. I really wanted to get out, but I had invested so much in the [new consulting firm]. It was a tricky and morally ambivalent thing, especially toward the end. (Read a story from 1957: "Management Consultants: Good Medicine for Ailing Companies...
...Rock and roll collectors with a passion for memorabilia can turn the hobby into a nest egg," says Leila Dunbar, a former director of collectibles at Sotheby's Auction house, who now heads up her own appraisal firm...
...ivory-tower ingenue. "Energy," he says, "is all about money." He cut his teeth in the entrepreneurial culture of Bell Labs and spent the rest of his career around Silicon Valley; he's served on the boards of a battery company, a semiconductor firm and two biotech start-ups. In his last job, he shook up the bureaucracy of DOE's Lawrence Berkeley National Laboratory (LBNL) to tackle real-world energy problems, while becoming a leading expert on energy innovation. "He's brilliant, and he understands the full breadth of the energy portfolio," says Ralph Cavanagh, co-director...
...wake of the Bidil controversy, a poll of some 600 physicians across the country, conducted by a marketing and research firm, found that 81% of doctors still believed race should be used as a biological basis for diagnosing disease...