Word: old-boy
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Worried that you missed out on making all the connections? Don’t fret: Flyby tagged along to bring you a taste of some classic old-boy networking. Check it out, after the jump...
...knowledgeable source told TIME that Palin plans to deliver a relatively short, plainspoken address in the voice of an ordinary working mom. She'll talk about challenging old-boy networks - oil companies, Alaska's corrupt GOP establishment - and learning to lead. Raising five kids while making a career won't necessarily earn you an invitation to the Council on Foreign Relations, but it does instill organization and discipline. That's what Palin brings to the table, the source said...
...companies set up precisely to obscure the paper trail, and private individuals who acted as "cutouts" to shield the government officials directing them. But throughout the maze investigators repeatedly stumbled across the delicate footprints of the CIA, along with the clumsier presence of Lieut. Colonel Oliver North and an old-boy network of his former colleagues on the staff of the National Security Council...
...exalt the undergraduate experience in a way that the big schools can't rival. And if they hope to go on to grad school? Getting good grades at a small school looks better than floundering at a famous one. Think they need to be able to tap into the old-boy network to get a job? Chances are, the kid is going to be doing a job that doesn't even exist now, so connections won't do much good. The rules have changed. The world has changed. You have a sign over your office door: COLLEGE IS A MATCH...
...that claim. The Quarterly Journal of Economics published a study in 2002 showing that students who were accepted at top schools but for various reasons went to less selective ones were earning just as much 20 years later as their peers from more highly selective colleges. Much of the old-boy networking value has diminished in an increasingly performance-based economy: only seven CEOs from the current top 50 FORTUNE 500 companies were Ivy League undergraduates. In an economy in which people typically change jobs seven or eight times and new fields open up all the time, Pope notes, "connections...