Arizona State Completes Deal for Troubled Business School (WSJ, 12/19/14)

http://www.wsj.com/articles/arizona-state-completes-deal-for-troubled-business-school-1418965512?mod=WSJ_TimesEMEA

"Under the deal, Arizona State will pay off about $22 million in debts owed by Thunderbird, and beef up the school’s executive education and online programs to boost revenue."

Per one of the article posted comments: E.g., Just imagine a business school going out of business. Just wondering exactly how and what Thunderbird was teaching its students (?). :dunno:

 

So, ASU will have two business colleges or merging Carey Business School into Thunderbird?

 

Neither. Apparently ASU will have two separate schools: the "W.P. Carey School of Business" and the "Thunderbird School of Global Management".

Carey will keep doing what it has been doing, which is offering MBA and other conventional business and management degrees. So Carey will still be the ASU business school.

Thunderbird will drop its MBA program, to avoid overlap with Carey, and will focus on specifically international management:

 

Dropping the MBA program isn't as radical as it might sound. Thunderbird was founded in 1946, but apparently they did not offer "MBA" degrees until 2001. Before that, their principal degree offering was the "Master of International Management", and in the future it will be the "Master of Global Management".

 

interesting

 

I always like to see these kind of changes. It's good that at least the programs will continue, even if slightly altered.

 

A business school that could not manage its affair. It should be going out of business - not being rescued. What about moral hazard? The school should practice what it preaches.