More than half of new PhDs in the US are bogus

AlpinLuke

Forum Staff
Oct 2011
27,360
Italy, Lago Maggiore
In Italy there has been [years ago] also the phenomenon of "foreign degrees". It happened that Italian students, not able to obtain a degree from an Italian uni went to Albania to buy a degree [curiously enough at Tirana there were 30 universities ... many of them private ...].

In that case [there were investigations and politicians took action] the private universities earned good money selling "easy degrees", so that the administrations of those academies endorsed such a policy, they didn't discourage it.
 

VHS

Ad Honorem
Dec 2015
4,733
Florania
Since the false obsession over the last 20 years or so with university education being essential for everyone to make something of themselves this problem has become worse. Most university degrees are not worth the paper they are printed on and are of no value whatsoever in finding a proper job.
One issue is that learning and knowledge associated with a degree can become forgotten or obsolete.
On site tests of knowledge and skills can be better indicators than credentials; credentials are only good as
the starting scanner.
 
Mar 2015
878
Europe
By 18th century, many universities gave different degrees depending on whether the degree was valid in the city where the university was located - or only outside.
At Reims University of 18th century, a doctorate to practice medicine in Reims cost 2000...3500 livres. A doctorate for a Frenchman wishing to go and practice in his hometown, only 300 livres. And a third type for foreigners who were not going to practice anywhere in France.
Not unique. Angers University had similarly grossly higher prices for a degree valid in Angers.
Italian students, not able to obtain a degree from an Italian uni went to Albania to buy a degree [curiously enough at Tirana there were 30 universities ... many of them private ...].

In that case [there were investigations and politicians took action]
Which politicians?
Only Italian, or also Albanian?
 

AlpinLuke

Forum Staff
Oct 2011
27,360
Italy, Lago Maggiore
By 18th century, many universities gave different degrees depending on whether the degree was valid in the city where the university was located - or only outside.
At Reims University of 18th century, a doctorate to practice medicine in Reims cost 2000...3500 livres. A doctorate for a Frenchman wishing to go and practice in his hometown, only 300 livres. And a third type for foreigners who were not going to practice anywhere in France.
Not unique. Angers University had similarly grossly higher prices for a degree valid in Angers.

Which politicians?
Only Italian, or also Albanian?
About taking action? Albanian politicians took action and in Italy there were investigations as well [and the son of an Italian politician got involved]. The phenomenon was so interesting for Albanian academies that in those years the number of universities in the country [in relation with the population] was 8 times the one in the United Kingdom ...

The real problem was that, according to the laws of that time, an Albanian degree was to be accepted in Italy.

And this has caused a damage also to the serious Albanian universities, as it's easy to understand.
 
Jun 2017
598
maine
I agree, that hers is not an academic problem... I brought up her case to illustrate the BS artists influence in the corporate world...

But how is it NOT a failure of the corporate world ? Considering the high profile investors and board members, it is a massive failure....
Because she was the company's founder: there was no board at that beginning. It is a failing of good investment ability and common sense.
 

AlpinLuke

Forum Staff
Oct 2011
27,360
Italy, Lago Maggiore
Her image had also a great political value, easy to spend on medias. I guess this is why some political environments simply considered her a kind of female Messiah. And actually the world of communication missed a female genius with a nice face able to start a greaat technological business ... We should remind that we live in the world of image and communication where how you say something is substantially more important of what you're saying ...
 

tomar

Ad Honoris
Jan 2011
14,030
Because she was the company's founder: there was no board at that beginning. It is a failing of good investment ability and common sense.
But the board was formed later and saw nothing...... Worse schultz's son (his famous dad was on the board) came to his father to tell him nothing was working and it was all a scam... his father did not believe him
 
Jun 2017
598
maine
But the board was formed later and saw nothing...... Worse schultz's son (his famous dad was on the board) came to his father to tell him nothing was working and it was all a scam... his father did not believe him
How often have people failed to heed good advice? We wouldn't have a lot to say here if everyone proceeded judiciously but too often people who should know better, don't.
 

tomar

Ad Honoris
Jan 2011
14,030
How often have people failed to heed good advice? We wouldn't have a lot to say here if everyone proceeded judiciously but too often people who should know better, don't.
Sure, but that is why boards exist... they have a supervisory function and it is basically their job to ensure this kind of scam does not happen....
 
Jun 2017
598
maine
Sure, but that is why boards exist... they have a supervisory function and it is basically their job to ensure this kind of scam does not happen....
Well, not exactly. According to my old business texts, the purpose of a board is to (1) establish the mission; (2) select, support and review the CEO in light of that mission; (3) manage finances; (4) planning in light of the mission; (5) skill development; (6) recruitment of new board members; (7) PR. Some directors forget whose PR is meant and, too often, board membership is looked upon as an honorary position. If the CEO is the founder, steps #1 and (therefore) #2 are skipped.

But, perhaps we are straying from the original theme. What ever the purpose of a corporate board is hasn't much to do with bogus or inflated degrees.