You are here:


#349 The Moral Failure of the MBA Elite with Duff McDonald

Yes, this is still here, and it will be for a while to serve as a reminder that there’s a new place for Jill on Money content – YouTube!  Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious.  So don’t freak out.  Going forward, we’re going to put all our radio and podcast content on YouTube! It’ll be easier for you to navigate and listen to past shows, because everything will be in one place.  Just click any of the links below and you’ll be able to listen to this week’s show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven’t been listening.

Let us know what you think by emailing us at


Nov 11 Download Hour One Here

We started hour one this week with Irene from New York who is trying to do the juggling act of paying down some debt, plan for her own retirement, and fund college for her two kids.  Irene’s actually in better shape than she realizes…and I think we helped her realize that.  Next up was Lou from Oregon who had some questions about an inherited IRA. Our last call of the hour was from Jack in Buffalo who was wondering if it makes sense for him to pay off his mortgage.


Nov 11 Download Hour Two Here

Before kicking off hour two, I apologize in advance to any of our listeners who have earned an MBA.  And if any of you went to Harvard, I really, really apologize.

Our guest this week is Duff McDonald, author of The Golden Passport, an incredibly well-researched book, which reveals the inner workings of a singular nexus of power, ambition, and influence: Harvard Business School (“HBS”).

Like it or not, a Harvard degree guarantees respect and additional earning power. An HBS degree is, as the New York Times proclaimed in 1978, “the golden passport to life in the upper class.”

Yet despite its prestige and power, McDonald says that HBS has failed with respect to the stated goal of its founders: “the multiplication of men who will handle their current business problems in socially constructive ways.”

We touched on two main questions during this interview:

  • Has HBS failed at reaching the goals it set for itself?
  • Is HBS therefore complicit in the moral failings of Western capitalism?

It was an interesting chat about an institution that has a profound influence on the shape of our society and all our lives.

Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here’s how to contact us:

  • Call 855-411-JILL and we’ll schedule time to get you on the show LIVE 
  • Posted by Mark Talercio
  • 83 Tags