The Libyan School of Economics

You did read that correctly and if you have been keeping up with headlines across the pond it should come as no surprise.

Sir Howard Davies, head of the London School of Economics was sacked from his post last week after new news of LSE connections to Libya broke.

Already under fire for accepting a donation of 1.5 million pounds from Gaddafi’s son Saif al-Islam, (former LSE student who allegedly plagiarized his thesis) Sir Howie was the latest global puppet sunk by the Wikileaks torpedo.

Apparently:

U.S. diplomats were told by Libya’s “National Economic Development Board” that it was cooperating with “the UK government and the London School of Economics, among other UK institutions, on an exchange program to send 400 ‘future leaders’ of Libya for leadership and management training.”

Keep this in mind the next time you decide to trumpet the benefits of high brow educational institutions while tooting your patriotic horns, boys.

Everything's for sale as we already know...not the least of which are prestige and influence.

How acceptable is it in your own backyard? After all, Americans love to think we're impervious to certain ills...

How do you guys feel about the value of your diploma being diminished by administrative prostitution? Wait...maybe I'm wrong. After all, pimpin' ain't easy.

Hoyas For Sale



In another must read, eye popper Claire Berlinski brings the unpleasant conversation back to American shores.

Saudis and other Gulf regimes have poured breathtaking amounts of money into American universities and think tanks since the 1970s. The Saudis spend $4 billion per annum to promote a particular view of Islam. This exceeds the Soviet Union’s budget for foreign subversion during the Cold War. A mind-boggling amount goes to funding America's top-tier universities, and of course this has an influence.

In 2005, Georgetown accepted a $20 million donation from Saudi Prince Alwaleed bin Talal. The same guy rejected by then NYC Mayor Rudy Giuliani post-9/11.

So what... right?

Business as usual? Move along citizen? Nothing to see here?

What is the real value of a diploma?

I asked you guys about prep schools last week. Isn't this an interesting dash of spice to that discussion?

Is there more to an academic institution than test scores and the alumni network?

Does the gilded path really lead towards riches? Or is it actually... mo' money, mo' problems?

Self thread jack. Approved. R.I.P... B.I.G. March 9th. 14 years today. Moment of silence.

Damn, time flies...

Resume...

Does it really do our profession a service that such a huge target has such a huge Petrodollar influence pumping through its veins?

Can a professed source of intellectual development be trusted to educate, when it's own ideological leanings wear a steady style for sale signs.

Is a brand new set of HD monitors or a top-of-the-line faculty lounge worth the price of foreign interest in our education?

Maybe I am being naive...

But I just cannot accept the notion that higher education should go to the highest bidder.

Remember these words the next time we elect another Harvard man into the White House...

NOTE: For those interested in a detailed work up of foreign fiscal influence in British higher academia, here's an in depth report. I am not sure I want to see the American version.

 

Everyone has their price. Everything is for sale. End of the day, and I know this is "gay", but I'd rather be a pauper with morals than a prince who can't live with himself.

I am permanently behind on PMs, it's not personal.
 

Correction: He resigned. He wasn't sacked. If its true that Saif Gadhafi's thesis was plagiarised and he was able to buy his way out of it then LSE's reputation may never recover from that stigma. As a current LSE student I know how much my professors emphasise the fact that plagiarism (in essay's/dissertations) could get one expelled. We are reminded this once, atleast every other week.

 

LSE with the highly publicized resignation (not sacking) of Sir Howard Davies is the perfect scapegoat. Kings College and SOAS had dealings with Libya too but lets keep the shit flying LSE's way, its just too convenient. Davies will be greatly missed, a very inspirational person.

 

Can't really get the anger if I am being honest. Apparently it's ok for us to sell weapons to Libya but God forbid if one of our universities try to get some money when it's already struggling with money problems and try to improve education

 

Voluptas et possimus ea et est nam dolore. Accusamus perspiciatis ut reiciendis. Saepe optio ut magnam eveniet dolorem quod fugit. Consequatur illum ex similique numquam quia. Voluptatem eos veritatis dolor consequatur fuga dolorem. Consequatur qui qui non quis eius.

Lunch is for wimps.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”