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Upside/Downside: the business of business schools

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Earlier this week came news that one of Cleveland's smallest and poorest colleges is teaming up with one of the biggest names in business -- Jack Welch, former CEO of General Electric. Welch is buying a $2 million stake in Chancellor University, formerly known as Myers University that went bankrupt last year and then was revived by Michael Clifford, an entrepreneur who has plans to turn the school into an online educational institution. A key question is why is Jack Welch, a prominent business guru lending his name to such a tiny, low profile, troubled school. To help us understand that ideastream®'s Eric Wellman spoke with business professor Noel Tichy of the University of Michigan who has been tapped to become Dean of the new Jack Welch Management Institute which is part of the new Chancellor University.

Friday, June 26, 2009 at 6:42 am

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