So intoxicating was the rarified air of the money management profession to a new-comer.
FORBES: Everyone Wants Kool Aid: Pruning the Money Management Tree (October 29, 2008)
At this point in time, the cumulative body of secret information about the money management profession is truly staggering.
Investors are lulled into a false sense of security about the integrity of the money management profession when significant information is kept secret.
FORBES: No Freedom of Information When It Comes to Money Managers (November 1, 2000)
The money management profession is one of the few in the world where virtually everyone involved fails to deliver the service that is being sold.
FORBES: Everyone Wants Kool Aid: Pruning the Money Management Tree (October 29, 2008)
What was really being addressed, below the surface, was whether the money management profession would lose credibility if all its wrongdoing were subject to public scrutiny.
FORBES: No Freedom of Information When It Comes to Money Managers (November 1, 2000)
That report, now scheduled for the end of July, will examine the existing regulatory framework applicable to the money management profession, requirements to disclose violations to the SEC and the more limited public disclosure obligations.
Thomson, CMA, is president and CEO of IMA (Institute of Management Accountants), one of the largest and most respected associations focused exclusively on advancing the management accounting profession.
Yet, as the professors point out, the desire to make management a profession like law and medicine was central to Harvard Business School in the first decades after it was founded 100 years ago.
Long before he became dean, Mr Nohria lamented the failure of business schools to fulfil their mission of turning management into a profession similar to law or medicine.
The HBS students wanted to create a voluntary pledge that would deliberately echo the Hippocratic Oath as a step towards presenting management as a profession with its own code of conduct.
One of the two main criticisms of the oath and of the whole idea of turning management into a profession, particularly in business-school faculties, is that it is either unnecessary or actively harmful.
Whether this is a proper focus for business education is being openly challenged by thought leaders such as Harvard's Clayton Christensen, whose books on innovation include The Innovator's Dilemma, and Rakesh Khurana, also of Harvard, author of From Higher Aims to Hired Hands: The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession.
Mr Goggins told delegates at a special seminar for members of the Chartered Institute of Management Accountants that the profession could play its part.
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They shared the idea with two of their professors, Rakesh Khurana and Nitin Nohria, and found that the ethos of management-as-profession had been a founding concept of the first MBA course at HBS in 1908.
He also said the performance management system for the teaching profession was not intended to be a bureaucratic process.
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While women have made strides in the legal profession, at law firms few are taking management positions.
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The student oath is part of a larger effort to turn management from a trade into a profession a crusade that Messrs Khurana and Nohria proposed in a much-discussed article last October in the Harvard Business Review.
Roughly the reverse of Mr Mintzberg's complaint is the criticism advanced by Rakesh Khurana of Harvard Business School, who is writing a book on why management has failed to develop as a profession.
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