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&lt;p&gt;Columbia Business School Dean R. Glenn Hubbard wants his students to get better at &quot;making the connections.&quot; And he doesn&amp;rsquo;t mean networking.&lt;/p&gt;&lt;p&gt;Hubbard wants students to better understand how decision-making and ethics interlay across disciplines and sectors. In an interview published today in &lt;em&gt;The Wall Street Journal&lt;/em&gt;, he discusses why the school is shifting gears on curriculum.&lt;/p&gt;&lt;p&gt;An excerpt:&lt;/p&gt;&lt;blockquote&gt;&quot;When I became dean there were a lot of schools doing this through standalone ethics classes. My view is students marginalize classes like that. I don&#39;t think students pay attention to it the way they do when it&#39;s integrated into your marketing course, into your operations course, into your finance class.&quot;&lt;p&gt;&quot;We have cases that are woven through and outside speakers who come in to work with the students. What&#39;s really important for young business-school students is to see this as a real problem, looking at a real business person confronted with this issue and how he or she dealt with it.&quot;&lt;/p&gt;&lt;/blockquote&gt;&lt;p&gt;Now Columbia is certainly not the first b-school to jump on the responsible leadership bandwagon in recent months, with Chicago&#39;s Booth School, Harvard and Wharton all on the same path. And now that there is ranking for business schools on ethics, none of this comes as a surprise.&lt;/p&gt;&lt;p&gt;But, interestingly, Hubbard&#39;s also discussed his decision to beef up disclosure of CBS faculty&#39;s &quot;outside activities.&quot;&lt;/p&gt;&lt;p&gt;This step, as altruistic and transparent as it might sound, isn&#39;t without cause.&lt;/p&gt;&lt;p&gt;Columbia&#39;s faculty&amp;mdash;specifically Hubbard&amp;mdash;received intense scrutiny in Charles Ferguson&#39;s documentary &lt;em&gt;Inside Job&lt;/em&gt; for his work with financial services firms. The documentary, which narrates the underpinnings of the recent financial crisis and puts the blames on a ruthless system of greed and speculation, alleged that Hubbard&#39;s work with Wall Street might be in conflict with his full time job as a business school dean.&lt;/p&gt;&lt;p&gt;Also highlighted: His $250,000 stipend for serving on the board of MetLife.&lt;/p&gt;&lt;p&gt;So now every faculty member at CBS will disclose all sources of incomes and relationships, just like &quot;they [show] publications and teaching&quot; on their resume.&lt;/p&gt;&lt;p&gt;At last year&#39;s Net Impact conference, Harvard Professor Srikant Datar, also the author of &lt;em&gt;Rethinking the MBA: Business Education at a Crossroads&lt;/em&gt;, said, &quot;Business is about leading people and delegating, making things happen, not doing everything yourself. [There needs to be a realization that] a sense of purpose must be very high on your priority list. And this is where the MBA curriculum fails.&quot;&lt;/p&gt;&lt;p&gt;This sense of purpose isn&#39;t what Hubbard is preaching, whether it&amp;rsquo;s the new curriculum or the decision to bare all faculty relationships.&lt;/p&gt;&lt;p&gt;Instead, he is de-marginalizing ethics in classrooms in an attempt to re-teach responsible capitalism. Will this approach work versus those taken by Harvard and Wharton? Hard to say.&lt;/p&gt;&lt;p&gt;Then there&#39;s University of Pennsylvania Professor Martin Seligman who, in a recent reference to curriculum changes at Wharton, remarked, &quot;If MBAs who care only about making a quick fortune are given 10 ethics courses, it will have no effect. It&amp;rsquo;s a matter not of ethics, but of what they care about.&amp;rdquo;&lt;/p&gt;&lt;p&gt;What Hubbard &amp;ndash; and Columbia Business School &amp;ndash; cares about is endowments, reputation and rank. What most MBA candidates care about is whether their shiny degrees can get them a job at graduation. Can the two meet at a confluence of business and social responsibility?&lt;/p&gt;&lt;p&gt;It&#39;s anyone&#39;s guess.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Related:&lt;/strong&gt;&lt;br&gt; Dean Hubbard&#39;s Full Interview (&lt;br&gt; How Many Ethics Courses Does it Take for MBAs to Change Their Ways?&lt;br&gt; Is Wall Street Nearing Its End?&lt;br&gt; Harvard&#39;s MBA is Changing. But Will It Change Business Culture?&lt;br&gt; Future of the MBA: A Ranking for Business Schools on Ethics&lt;/p&gt;

Aman Singh Das

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