Business Week is hosting an interesting debate on the extent to which business schools are to blame for the financial meltdown. Of course that would be a stretch. But two HBS grads make the case that b-school students drank the Kool-Aid of exotic financial instruments, poorly designed compensation plans and models of corporate leadership that value leaders' charisma over substance. On Wall Street, a lot of smart b-school grads watched the train wreck without questioning much beyond the size of their bonus. But while you can't really blame b-schools, one would hope that the entities training the executives of the future will take some lessons to heart. It's unclear what those lessons are.

For more:
- here's the debate

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