joshuark writes: Professor Christopher Marquis makes a provocative argument about business schools: "We need to abolish them." A 20-year business educator at Harvard, Cornell and Cambridge, Marquis argues in The New York Times and on LinkedIn that MBA programs sanctify profit-driven dealmaking at the expense of public life. "That's not the institution failing," he writes. "Sadly, it's the institution working." "Business school doesn't just hand out skills and a network," argues Marquis, "it quietly reshapes how people see the world, rewarding dealmaking, simplification, and optimization for financial metrics, while workers and communities become afterthoughts." Marquis points to research suggesting that business-school-trained CEOs often benefit shareholders at the expense of workers, without delivering measurable improvements in company performance... "[W]hen a business-school-trained CEO takes over a firm, wages fall and labor's share of income drops, with no gain in productivity," writes Marquis. "In both the U.S. and Denmark, what passes for the 'managerial skill' of business-school graduates turns out to be a transfer of wealth away from workers and toward shareholders. Students deserve better than a machine that narrows their sense of what's possible."

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An anonymous reader quotes a report from CNN: Elon Musk has said he will give every child in America a stake in SpaceX, his $2 trillion aerospace and artificial intelligence company, as tech firms face intensifying scrutiny over their impact on society. "Next year, I will give one of my SpaceX shares to every kid in America," he wrote on X on Monday. "This will be the first of many." SpaceX only began trading publicly in June (and after the biggest initial public offering in history). The company's shares were trading for about $146 when the market closed on Friday. Musk's proposal was thin on detail. It is not clear how those shares would be distributed to the tens of millions of American children or whether all of them would even be eligible. According to the United States Census Bureau, there are roughly 73 million people under the age of 18, making Musk's potential giveaway worth about $10.7 billion at SpaceX's current share price. The move came in response to Anthropic's announcement on Sunday that it will commit at least 5% of its shares to a "Public Benefit Fund" that will donate money to social causes. "I recommend giving the shares directly to the public," Musk said in a reply to Anthropic's announcement. "This is what I will be doing."

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