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The most prestigious B schools in the world obsessively pursue money. This ideological underpinning has led to the arsenal of junk-bond-induced takeovers of the 1980s; the corporate accounting scandals of the 2000s; the outrageous increase in the pay gap between chief executives and workers; and even the real estate crash and the 2008 financial crisis. Just about every premise of this teaching model that dominates B schools’ curriculum needs to be punctured; and the sooner the better, before much damage is done. Business graduates focus far too much on maximizing shareholder value and have a limited understanding of ethical and social considerations essential to the core of business leadership. B Schools need to gain a rebalance so business graduates devote overwhelmingly on not just the financial aspects of the business, but also on ‘prudence’. This requires an education in moral reasoning. Do we have time for that?

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