With the US government recently emerging from a record-long shutdown, Dean Glenn Hubbard can sound as exasperated as the next person with what he describes as a “feckless” political system.
Which is why resilient business leaders are all the more necessary in today’s economic environment, Hubbard says in this episode of Columbia Bizcast.
“Whether the issue of the day is climate change, the way we deal with training programs for the less skilled, or whatever the big social problem is, I’d like to believe that businesspeople are leading that charge and not just waiting for politics,” says the Columbia Business School dean.
In the podcast’s third season, Hubbard talks about what he’ll miss most about being dean after he steps down on June 30 and why he’s so optimistic about the future for today’s MBAs, despite the political morass. No stranger to Washington, D.C., the dean also gives his take on today’s divided government.
“To me, the whole issue of a shutdown is crazy,” says Hubbard, who served as deputy assistant secretary in the Treasury Department under George H. W. Bush and as chairman of the Council of Economic Advisers to George W. Bush. “Obviously, in any negotiation, neither side gets 100 percent of what it wants, rarely in life does that happen, but to me this is a failure of government and both major political parties.”
About the researcher
R. Glenn Hubbard
Professor Hubbard is a specialist in public finance, managerial information and incentive problems in corporate finance, and financial markets and institutions. He has written...Read more.