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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...

Author: /time Magazine | Title: Are Management Consultants Necessary? | 8/24/2009 | See Source »

...describe your consulting colleagues? Somewhat different from your philosophy classmates, I would guess. Businesspeople get a little bit of bad press, sometimes. There are a lot of normal and ethical people. But at the tip of the profession, the people who make it to a high level in élite consulting firms are, on the whole, nutty. They are driven beyond what is healthy and, at some level, quite unbalanced. At the firm I helped to found they went out and hired a group of psychotherapists. What other occupation would think it natural to spend half a million dollars...

Author: /time Magazine | Title: Are Management Consultants Necessary? | 8/24/2009 | See Source »

...coup. But Honduras' provisional President, Roberto Micheletti, still insists that Zelaya's return is "impossible." To raise the heat, the U.S. needs to impose tougher economic sanctions (while remaining mindful of the 70% of Hondurans living in poverty), or enforce visa bans for a broader swath of the élite behind the coup. (See pictures of Barack Obama's family tree...

Author: /time Magazine | Title: President Obama's Latin Challenge | 8/24/2009 | See Source »

...Even in authoritarian and deeply religious countries, gay people are finding ways to gather and meet each other, the first step in mobilizing for their rights. In Pakistan, where homosexuality is considered a crime by both the state and Islam, an underground social scene thrives among the élite, particularly in Karachi and Lahore. Inspired by activism in India, two women in Lahore earlier this year founded Pakistan's first gay-rights organization, whose members meet privately in affluent homes. China's authorities decriminalized homosexuality in 1997, but it is only in the last few years that gay culture...

Author: /time Magazine | Title: Why Asia's Gays are Starting to Win Acceptance | 8/24/2009 | See Source »

...Bluffs, where he's stayed in the past. Instead, this summer, at the behest of the Secret Service, the First Family will stay at a secluded estate in Chilmark that rents for up to $50,000 a week - which unmistakably qualifies it as part of the élite summer crowd. No one in Oak Bluffs seems offended. "This is a very special place for all of us, and we are just thrilled he is coming," says Hayden...

Author: /time Magazine | Title: Postcard from Oak Bluffs | 8/24/2009 | See Source »

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