Our Glorious Business Leaders of the Future

Saturday, November 25, 2006
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Tolu Adeleye, 28, of Minneapolis graduated from the University of Maryland with no debt. But then, “I got the bright idea to go to business school” at MIT. When Adeleye graduated from MIT, he’d amassed about $60,000 in student loan debt. But the killer was $35,000 in credit card debt that piled up as he traveled to 22 countries in two years. Still, he adds, “I wouldn’t exchange that experience for anything in the world.”

Financing education is not the issue. That is a long-term view that may open a path to success. But zero in on the credit card problem and think about it: given his cockamamie philosophy and complete inability to understand financial responsibility and limitations, along with his lack of accountability for keeping a budget under control, he graduated from MIT’s business school. Business school, I said. A future leader that aspires to manage or start a business. These kids are completely screwed up.

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